Home Depot (HD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Home Depot circulated a memo to staffers earlier this week indicating that "marijuana will be removed from all drug panels."
About half of Home Depot's revenue is derived from professional customers. Compared to Lowe's, Home Depot has historically reported a better operating margin and return on invested capital.
Home Depot and Lowe's are forecasting lower sales, earnings, and margins. Macroeconomic factors continue to pressure consumers.
Home Depot's (HD) Q2 results reflect pressures from soft consumer demand, high interest rates and macroeconomic uncertainty. However, its long-term prospects look bright.
Home Depot posted second-quarter earnings highlighted by soft management guidance. The company is attempting to navigate weaker demand for home-improvement projects.
Existing home sales tend to affect home improvement spending trends, and in turn, transaction volume at Home Depot. The company is unlikely to see big gains on sales from price increases in the near future.
Home Depot's latest financial results reveal major hesitation from shoppers. This remains a high-quality business that should do well over the long term.
Elevated mortgage rates and record-high home prices have pushed many would-be home buyers into wait-and-see mode. Now homeowners are playing the waiting game with renovation plans.
Former Home Depot CEO and Chairman Bob Nardelli said that the jobs report numbers will be "quietly adjusted" a few weeks or months after being released.
Home Depot stock is up quite a bit in just the past few months despite a string of so-so earnings reports, bouncing back from firm weakness earlier in the year. Shares are subsequently priced at an unusually high-earnings multiple as well.
Home Depot HD released its second-quarter earnings report, presenting a mixed picture for investors to decipher. While the company beat Home Depot's analyst community's earnings estimates, its lowered comparable sales guidance for fiscal 2024 caused a drop in Home Depot's share price.