Apex Trader Funding (ATF) - News
Home Depot Q1 Earnings Preview: 'Well Positioned For Share Gains' — Will Consumers Doing Home Repairs Over Buying Homes Help?
Home improvement retailer Home Depot Inc (NYSE:HD) reports first-quarter financial results before market open Tuesday May 14, 2024.
Here are the key earnings estimates, what analysts are saying and items to watch.
Earnings Estimates: Analysts expect Home Depot to report first-quarter revenue of $36.68 billion according to estimates from Benzinga Pro.
The estimated revenue would represent a year-over-year decline from the $37.26 billion reported in last year's first quarter. The company has beaten revenue estimates from analysts in eight of the past 10 quarters.
Analysts expect the company to report earnings per share of $3.60, down from $3.82 reported in last year's first quarter. The company has beaten earnings per share in each of the past 10 quarters.
Guidance from the company calls for full-year revenue to be $154.2 billion, up around 1% year-over-year. Full-year earnings per share are also expected to rise around 1% year-over-year to $15.26.
What Analysts Are Saying: Home Depot could be "well positioned for share gains," Bank of America analyst Robert Ohmes said in a ...