Home Depot Scheduled to Report Q1 2024 Earnings: Revenue and Earnings Estimates
Tuesday, 7 May 2024, 16:55
Overview:
Shares of The Home Depot (NYSE: HD) stayed red on Tuesday. The stock has gained 17% over the past 12 months. The home improvement retailer is scheduled to report its first quarter 2024 earnings results on Tuesday, May 14, before market open.
Revenue Projections:
- Analysts expect revenue of $36.6 billion, compared to $37.3 billion the previous year.
- Sales decreased by nearly 3% year-over-year in Q4 2023 to $34.8 billion.
Earnings Estimates:
- The consensus EPS estimate for Q1 2024 is $3.60, down from $3.82 in Q1 2023.
- In Q4 2023, EPS was reported at $2.82.
Key Points:
- Industry Trends: Expectations around decline in personal consumption growth and impact on the home improvement business.
- Sales Analysis: Softness in big-ticket purchases and potential pressure from interest rate increases.
- Pro Segment: Stable performance and investments to enhance customer experience.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.