RPT-BUZZ-PREVIEW: Home Depot expected to report quarterly revenue drop

Reuters
4 hours ago
RPT-BUZZ-PREVIEW: Home Depot expected to report quarterly revenue drop

Repeats Monday's BUZZ with no changes to text

** Shares of Home Depot HD.N closed down 1.4% to $376.99 ahead of its quarterly earnings report due before markets open on Tuesday

** Wall Street analysts expect a ~4% drop in HD's revenue to $38.1 billion, down from ~$40 billion in the prior year. The home improvement retailer is expected to report a ~16% decline in adj EPS to $2.54 versus $3.02 a year ago

** Consumer spending and U.S. economic growth likely moderated in the fourth quarter because of disruptions from last year's government shutdown

** Last week, Walmart WMT.O reported that U.S. same-store sales rose 4.6% for the quarter ending January 31, exceeding estimates

** 38 analysts covering HD, giving it an avg rating of "BUY" and median PT of $406, per LSEG data

** HD is up 9.6% YTD vs 1.5 rise in Dow Industrials .DJI

(Reporting by Chibuike Oguh in New York)

((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10