Home Depot sales drop more than expected as wary customers delay big projects
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Home Depot (HD) PT Lowered to $318 at HSBC
May 15, 2024 8:58 AM EDTHSBC 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
May 14, 2024 8:33 AM EDTKeyBanc 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)
May 14, 2024 8:17 AM EDTGoldman 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)
May 14, 2024 8:07 AM EDTMorgan 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)
May 14, 2024 8:04 AM EDTEvercore 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)
May 14, 2024 7:52 AM EDTRBC 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
May 14, 2024 7:51 AM EDTCiti 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
