Home Depot (HD) Tops Q4 EPS by 17c, Comps Increase 5.2%, Offers FY Guidance

Home Depot (NYSE: HD) reported Q4 EPS of $2.28, $0.17 better than the analyst estimate of $2.11. Revenue for the quarter came in at $25.8 billion versus the consensus estimate of $25.77 billion.

Comparable sales for the fourth quarter of fiscal 2019 increased 5.2 percent, and comparable sales in the U.S. increased 5.3 percent.

GUIDANCE:

Home Depot sees FY2020 EPS of $10.45, versus the consensus of $10.54.

• Total sales growth of approximately 3.5 percent to 4.0 percent
• Comparable sales growth of approximately 3.5 percent to 4.0 percent
• Six new stores
• Operating margin of approximately 14.0 percent
• Net interest expense of approximately $1.2 billion
• Effective tax rate assumption of approximately 24.0 percent
• Share repurchases of at least $5.0 billion
• Diluted earnings-per-share growth of approximately 2.0 percent to $10.45
• Capital spending of approximately $2.8 billion
• Depreciation and amortization expense of approximately $2.4 billion
• Cash flow from operations of approximately $13.5 billion

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

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