Home Depot Q4 Revenue Forecast to Decline 3.9% Following $41.35B Quarter
Home Depot’s Q4 revenues are forecast to fall 3.9% year-on-year after the previous quarter produced $41.35 billion in sales, up 2.8%, but missed on EBITDA and EPS. Analysts have held estimates steady with an average price target of $398.45, suggesting modest upside potential.
1. Previous Quarter Performance
Home Depot last quarter reported revenue of $41.35 billion, up 2.8% year-on-year, matching analyst expectations but falling short of consensus EBITDA and EPS forecasts.
2. Q4 Revenue Outlook
The market expects Q4 revenue to decline 3.9% year-on-year, a sharp reversal from the 14.1% gain recorded in the same period a year earlier.
3. Analyst Estimates and Price Targets
Analysts have largely maintained their estimates over the past 30 days and set an average price target of $398.45, compared with the current share price near $382.19.
4. Peer Comparison
Among home improvement retailers, Floor & Decor has reported 2% sales growth and met revenue estimates, with its stock rising 4.3% on the results.