The Home Depot Announces First Quarter Fiscal 2024 Results; Reaffirms Fiscal 2024 Guidance

Home Depot (HD) PT Lowered to $318 at HSBC

HSBC analyst Daniela Bretthauer lowered the price target on Home Depot (NYSE: HD) to $318.00 (from $323.00) while maintaining a Reduce rating.

The analyst comments "We retain our Reduce rating and lower our TP to USD318 from USD 323: We fine-tune our EPS... More

KeyBanc comments on Home Depot (HD) earnings

KeyBanc comments on Home Depot (NYSE: HD) earnings.

The analyst comments "1Q results were largely in line with expectation. HD reported mixed 1Q results, with EPS above consensus but comps softer than expected, due to a delayed start to spring and continued softness in larger... More

Goldman Sachs Reiterates Buy Rating on Home Depot (HD)

Goldman Sachs analyst Kate McShane reiterated a Buy rating and $388.00 price target on Home Depot (NYSE: HD)

The analyst comments "HD reported 1Q24 EPS of $3.63, below the GS estimate of $3.70 but above consensus (Refinitiv) of $3.60. Net sales decreased 2.3% y/y to $36.4bn (vs. GS/consensus of $37.0bn/$36.7bn) as comparable... More

Morgan Stanley Reiterates Overweight Rating on Home Depot (HD)

Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating and $380.00 price target on Home Depot (NYSE: HD)

The analyst comments "No guidance change is good news for this bottom of cycle bellwether. 1H bathtub effect is not unusual. 24/25 estimates seem fine. No major... More

Evercore ISI Reiterates Outperform Rating on Home Depot (HD)

Evercore ISI analyst Greg Melich reiterated an Outperform rating and $420.00 price target on Home Depot (NYSE: HD)

The analyst comments "1Q in line and 2024 guidance reaffirmed (excl. SRS acquisition) mean the 9AM call will be key. EPS beat slightly and comps slightly below street expectations. 1Q comps of -2.8% compares to... More

RBC Capital Reiterates Sector Perform Rating on Home Depot (HD)

RBC Capital analyst Steven Shemesh reiterated a Sector Perform rating and $377.00 price target on Home Depot (NYSE: HD)

The analyst comments "Bottom line: Comp missed, but was in-line w/ RBCe and where we believe the buyside was positioned. EPS beat by 1%, but... More

Citi Comments on Home Depot (HD) Earnings

Citi Comments on Home Depot (NYSE: HD).

The analyst comments "HD reported a mixed 1Q print (i) EPS slightly beat the Street driven by a 9c lower tax rate benefit as EBIT missed, (iii) SSS of -2.8% missed the Street's -2.0% estimate with... More

Home Depot (HD) slightly down as Q1 comparable sales miss the mark

Home Depot reported first-quarter comparable sales that missed the average analyst estimate, leading to a 0.7% stock price decline in the Tuesday premarket.

The home improvement retailer posted Q1 earnings per share (EPS) of $3.63, just above the analyst estimate of $3.60. Revenue for the quarter was $36.42 billion, below the consensus projection of $36.66 billion.

Comparable sales... More