Overview
Home Depot fiscal Q3 sales rise 2.8%, slightly beating analyst expectations
Adjusted EPS for fiscal Q3 misses analyst estimates
Company updates fiscal 2025 guidance due to ongoing consumer uncertainty and housing pressure
Outlook
Home Depot expects fiscal 2025 total sales growth of approximately 3.0%
Company anticipates fiscal 2025 diluted EPS to decline approximately 6.0%
Home Depot forecasts adjusted diluted EPS to decline approximately 5.0% in fiscal 2025
Result Drivers
GMS ACQUISITION - Recent acquisition of GMS Inc. contributed approximately $900 mln to Q3 sales
STORM IMPACT - Lack of storms in Q3 led to greater pressure in certain categories, affecting results
CONSUMER UNCERTAINTY - Consumer uncertainty and housing pressure impacted home improvement demand, per CEO Ted Decker
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Slight Beat* | $41.35 bln | $41.10 bln (27 Analysts) |
Q3 Adjusted EPS | Miss | $3.74 | $3.84 (28 Analysts) |
Q3 EPS | $3.62 | ||
Q3 Net Income | Miss | $3.60 bln | $3.81 bln (21 Analysts) |
Q3 Operating Income | Miss | $5.35 bln | $5.58 bln (25 Analysts) |
Q3 Like-For-Like Growth | 0.20% |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 25 "strong buy" or "buy", 13 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the home improvement products & services retailers peer group is "buy"
Wall Street's median 12-month price target for Home Depot Inc is $438.00, about 18.3% above its November 17 closing price of $358.03
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 23 three months ago
Press Release: ID:nCNWDSv34a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)