Home Depot (NYSE:HD) reported upbeat earnings for the fourth quarter on Tuesday.
The company posted quarterly earnings of $2.72 per share which beat the analyst consensus estimate of $2.54 per share. The company reported quarterly sales of $38.198 billion which beat the analyst consensus estimate of $38.119 billion.
“Throughout fiscal 2025, our teams did an incredible job engaging with our customers and growing market share, and I would like to thank them for their hard work and dedication,” said Ted Decker, chair, president, and CEO.
For fiscal 2026, Home Depot expects total sales growth of 2.5% to 4.5% and comparable sales growth of flat to 2.0%. The company projects GAAP EPS of $14.23 to $14.80, compared to the $14.79 estimate, and adjusted EPS of $14.69 to $15.28, compared to the $15.07 estimate.
Home Depot shares fell 3.1% to trade at $372.78 on Wednesday.
These analysts made changes to their price targets on Home Depot following earnings announcement.
- Telsey Advisory Group analyst Joseph Feldman maintained Home Depot with an Outperform rating and raised the price target from $410 to $435.
- Wells Fargo analyst Zachary Fadem maintained the stock with an Overweight rating and raised the price target from $395 to $420.
- Guggenheim analyst Steven Forbes maintained Home Depot with a Buy and raised the price target from $400 to $425.
- Morgan Stanley analyst Simeon Gutman maintained the stock with an Overweight rating and boosted the price target from $412 to $420.
- RBC Capital analyst Steven Shemesh maintained Home Depot with a Sector Perform and raised the price target from $363 to $377.
- Bernstein analyst Zhihan Ma maintained the stock with a Market Perform and raised the price target from $381 to $390.
Considering buying HD stock? Here’s what analysts think:
Photo via Shutterstock
Recent Comments