Further, we expressly disclaim any responsibility to update such research. Past performance is not a guarantee of future results, and a loss of original capital may occur. None of the information presented should be construed as an offer to sell or buy any particular security. In conclusion, Home Depot’s recent deceleration stems from demand saturation post-COVID-19 and cautious consumer spending. However, the company’s strong profitability, as evidenced by a resilient operating margin and a modest decline in its most recent earnings report, underscores its ability to weather challenging times.
Home Depot is a US-based multinational big-box retailer focusing on the home improvement market. It is the largest home improvement retailer in the US and has operations in all Canadian provinces, all Mexican states, Guam, Puerto Rico and the U.S. The company employs more than 490,000 individuals and brought in more than $150 billion in revenue for fiscal 2021. Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization. Market capitalization of the The Home Depot, Inc. is the total market value of all issued shares of a company.
- Still, it makes for an interesting point of reference relative to Home Depot’s otherwise consistent growth.
- However, the company’s strong profitability, as evidenced by a resilient operating margin and a modest decline in its most recent earnings report, underscores its ability to weather challenging times.
- The pandaforecast.com portal is not responsible for the loss of your money in the stock market
as a result of using the information contained on the site. - Home Depot has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, November 21st, 2023 based off prior year’s report dates.
Despite the current modest yield, the stock’s consistent dividend hikes make it an attractive choice for investors seeking a healthy mix between income and growth. Looking ahead, the company’s fiscal year 2022 guidance anticipates sales growth and comparable sales growth to be slightly positive, while the operating margin is expected to be nearly in accordance with how to buy vet crypto fiscal 2021. The firm’s net interest expense is expected to be approximately $1.5bn while the diluted earnings per share growth is expected in the low single digits. However, to acquire an extensive view and solid insight into The Home Depot’s stock performance, let us consider its movement over a period of five years and look at its historical stock price.
All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and,
moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market
as a result of using the information contained on the site. The stock’s price has been largely influenced by the company’s strong sales over the fiscal year 2021. The firm’s net sales surged to $151.157bn in the reported period from $132.110bn a year earlier. In the meantime, Home Depot’s commitment to sustaining its dividend growth story, with a recent double-digit increase and a healthy payout ratio, reaffirms the long-term potential for rising payouts.
The Home Depot (HD) stock forecast for 2025
Despite the combination of a 10% dividend hike against an equally strong fall in earnings, Home Depot’s payout ratio would still stand at a healthy 56%. Evidently, Home Depot’s most recent Q2 results illustrated this theme. The company posted a revenue decline of 2% year-over-year to $42.9 billion. With Home Depot’s store count remaining relatively stable between the two periods (2,324 compared to 2,316 in Q2 2022), the company’s top-line decline directly reflected lower same-store sales, which also declined by 2%. This directly reflects the sluggish demand for home improvement products after two years of exceptional results boosted by the pandemic. Home Depot’s growth has frozen lately, and there is a very simple explanation as to why.
Forward P/E uses projections of future earnings instead of final numbers. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The company appointed Edward Decker as its new CEO and president on 27 January.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $15.24 per share and revenue of $153.08 billion. These totals would mark changes of -8.69% and -1.39%, respectively, from last year. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.
The consensus among Wall Street analysts is that investors should “moderate buy” HD shares. We forecast The Home Depot stock performance using neural networks based on historical data on The Home Depot stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. The The Home Depot stock prediction results are shown below and presented as a graph, table and text information.
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Investors might also notice recent changes to analyst estimates for Home Depot. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider what is a spac stock positive estimate revisions a sign of optimism about the company’s business outlook. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
EPS Growth
Wall Street will be looking for positivity from Home Depot as it approaches its next earnings report date. In that report, analysts expect Home Depot to post earnings of $3.81 per share. Our most recent consensus estimate is calling for quarterly revenue of $37.74 billion, down 2.92% from the year-ago period. The Home Depot’s net earnings rose to $3.4bn in the fiscal fourth quarter from $2.9bn a year earlier. Net sales in the reported three-month period also surged to $35.7bn from $32.2bn from the year-ago period. American home improvement retailer, The Home Depot (HD), noted a surge of nearly 20% in its stock price over the period of a year as of 10 March.
The dividend is payable on 24 March, to shareholders as of the record date 10 March. Notably, this was the second consecutive quarter of declining sales for the company. The last time the company posted back-to-back quarters of declining sales was during the Great Financial Crisis! Of course, the current situation is nowhere nearly as disastrous as that of that time. Still, it makes for an interesting point of reference relative to Home Depot’s otherwise consistent growth. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell).
Home Depot Inc (NYSE:HD)
Not long after, to spur additional growth, the company added a line of product installation services that was very successful. That same year, in 1991, the company began making its first major acquisitions. The average analyst rating for The Home Depot stock from 26 stock analysts is “Buy”. This means that analysts believe this stock is likely to outperform the market over the next twelve months. For The Home Depot stocks, the 200-day moving average is the resistance level today. Enter your email address below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter.
The retailer said that former chairman and CEO Craig Menear will continue to serve as chair of the board. Upgrade to MarketBeat All Access to add more stocks forex account types to your watchlist. Click the link below and we’ll send you MarketBeat’s list of the 10 best stocks to own in 2023 and why they should be in your portfolio.
It is calculated by the formula
multiplying the number of HD shares in the company outstanding by the market price of one share. Home Depot has not confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, November 21st, 2023 based off last year’s report dates. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. The retailer also declared a quarterly dividend of $1.90 per share, which equates to an annual dividend of $7.60 per share.
Home Depot last announced its quarterly earnings results on August 15th, 2023. The home improvement retailer reported $4.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.20. The business earned $42.92 billion during the quarter, compared to the consensus estimate of $42.19 billion. Its quarterly revenue was down 2.0% compared to the same quarter last year.
