Home Depot Shares Slip 2.05% Ahead of Q1 EPS Forecast at $2.51
Home Depot shares fell 2.05% to $383.04, underperforming the S&P 500’s 0.1% gain and lagging the Dow’s 0.07% and Nasdaq’s 0.14% rises. The company will report Q1 results on February 24, with consensus forecasting EPS of $2.51 (–19.8% YoY) on $38.25 billion revenue (–3.65%).
1. Recent Share Movements
Home Depot shares declined 2.05% to $383.04 in the latest session, contrasting with the S&P 500’s 0.1% gain, the Dow’s 0.07% rise and the Nasdaq’s 0.14% advance. Over the past month, shares have gained 2.86%, outperforming the Retail-Wholesale sector’s 5.35% loss and the S&P 500’s 1.43% drop.
2. Q1 Outlook
The company is scheduled to report Q1 results on February 24, with consensus estimates calling for EPS of $2.51, a 19.8% year-over-year decline, and revenue of $38.25 billion, down 3.65% from the same period a year ago.
3. Annual Estimates
Full-year consensus projections anticipate earnings of $14.50 per share, a 4.86% decrease year over year, alongside revenue of $164.7 billion, representing a 3.25% increase compared to the prior fiscal year.
4. Valuation Metrics and Analyst Sentiment
Home Depot trades at a forward P/E of 25.85, above the Retail-Home Furnishings industry average of 22.05, and carries a PEG ratio of 13.97 versus the sector’s 2.12. Analysts maintain a Hold rating following a modest 0.09% downward EPS estimate revision over the past month.