Home Depot posts rare sales miss as delayed spring hits demand
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Go back to Home Depot posts rare sales miss as delayed spring hits demand
May 17, 2018 8:25 AM EDT
Bernstein reiterated a Market Perform rating and $212.00 price target on Home Depot (NYSE: HD) following the company's 1Q earnings report. HD posted net revenue of 24.95B, up 4.4% YoY which was below consensus expectations of 25.39B and 25.17B respectively.
The Company guidance... More
May 15, 2018 12:49 PM EDT
RBC Capital analyst Scot Ciccarelli reiterated an Outperform rating and $216 price target on Home Depot (NYSE: HD) saying they remain buyers of the stock following results.
Ciccarelli notes weather headwinds significantly impacted sales of outdoor/seasonal goods. Meanwhile, Q2 is off to... More
May 15, 2018 7:22 AM EDT
Lowe's Cos. (NYSE: LOW) traded lower in sympathy with Home Depot (NYSE: HD) after Home Depot reported Q1 results and comps that that missed expectations at 4.2% vs 5.6% consensus.
Home Depot declined 2.5% pre-market and Lowe's traded lower by 1.8%.
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