Home-Improvement Sector Saw Generally Stable Demand in 3Q
Dow Jones
3 hours ago
1348 ET - Both Home Depot and Lowe's are scheduled to report quarterly earnings next week, with sector sales data suggesting that demand stayed generally stable in the third quarter, Baird analysts say in a research note. Baird's channel checks suggest that Home Depot could post slightly better-than-expected comparable sales. The analysts say they remain comfortable with Wall Street's fourth-quarter projection, citing broadening demand through the first half of the year. Meanwhile, recent checks and analysis of third-party data leaves the analysts reasonably comfortable that Lowe's can hit its flattish comp outlook.
At the request of the copyright holder, you need to log in to view this content
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.