Home Depot Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Author: Avi Kapoor | May 14, 2024 12:15am

Home Depot, Inc. (NYSE:HD) is set to release earnings results for its first quarter, before the opening bell on May 14.

Analysts expect the Atlanta, Georgia-based company to report quarterly earnings at $3.60 per share, up from $3.40 per share in the year-ago period. Home Depot is projected to post quarterly revenue of $36.67 billion, according to data from Benzinga Pro.

On April 11, Home Depot said it will continue its relationship with Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) Google Cloud. The two companies have collaborated closely since 2015 on retail technology, both in-store and online.

Home Depot shares fell 1.6% to close at $340.96 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Wells Fargo analyst Zachary Fadem maintained an Overweight rating and cut the price target from $425 to $400 on May 9. This analyst has an accuracy rate of 87%.
• Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating with a price target of $360 on May 7. This analyst has an accuracy rate of 73%.
• Truist Securities analyst Scot Ciccarelli maintained a Buy rating with a price target of $417 on April 17. This analyst has an accuracy rate of 73%.
• Stifel analyst John Baugh maintained a Hold rating and boosted the price target from $355 to $366 on Feb. 16. This analyst has an accuracy rate of 79%.
• Piper Sandler analyst Peter Keith upgraded the stock from Neutral to Overweight and increased the price target from $311 to $400 on Jan. 16. This analyst has an accuracy rate of 75%.

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