Home Depot flags profit hit from slowing demand, rising wages in 2023
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Home Depot (HD) PT Lowered to $340 at Evercore ISI, Removes from Tactical Underperform List
February 22, 2023 5:00 AM ESTEvercore ISI analyst Greg Melich lowered the price target on Home Depot (NYSE: HD) to $340.00 (from $370.00) while maintaining a Outperform rating.
Removes from Tactical Underperform List.... MoreHome Depot (HD) drops on mixed results, guidance seen as 'light' and 'underwhelming'
February 21, 2023 6:37 AM ESTShares of Home Depot (NYSE: HD) are trading more than 4% lower in pre-market Tuesday after the company reported lower-than-expected comparable sales for the fourth quarter.
Home Depot reported earnings per share of $3.30 on revenue of $35.8 billion, which compares to the analyst consensus of $3.28 on sales of $35.96B. In addition to a revenue miss, the company also said its comparable sales fell 0.3% in Q4, worse than the... More
