Home Depot (HD) Tops Q1 EPS by 46c; Raises Outlook

May 17, 2022 6:03 AM EDT

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Home Depot (NYSE: HD) reported Q1 EPS of $4.09, $0.46 better than the analyst estimate of $3.63. Revenue for the quarter came in at $38.9 billion versus the consensus estimate of $36.43 billion.

Home Depot raised is fiscal 2022 guidance and now expects:

  • Total sales growth and comparable sales growth of approximately 3.0 percent
  • Operating margin of approximately 15.4 percent
  • Net interest expense of approximately $1.6 billion
  • Tax rate of approximately 24.6 percent
  • Diluted earnings-per-share-percent-growth to be mid-single digits

For earnings history and earnings-related data on Home Depot (HD) click here.

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