Home Depot reported first quarter fiscal 2026 results surpassing Wall Street expectations with adjusted EPS of $3.43 versus $3.30 estimated and revenue of $41.8 billion against $38.14 billion expected. Comparable sales grew modestly by 0.6%, including a 0.4% rise in the US, reflecting steady demand despite consumer uncertainty and housing affordability challenges. The company reaffirmed its fiscal 2026 outlook, projecting sales growth between 2.5% and 4.5%, and plans to open about 15 new stores. Home Depot also provided guidance on margins, tax rate, interest expenses, and expects flat to 4% growth in diluted and adjusted EPS for the year.
Three major Wall Street firms—Piper Sandler, RBC Capital, and Wells Fargo—lowered their price targets for Home Depot following its Q1 FY2026 earnings report. The cuts reflect concerns about ongoing housing market pressures, including high mortgage ra...
Home Depot's Q1 results revealed sluggish comparable sales growth and margin contraction, with little improvement in business momentum. Despite slightly beating revenue and EPS estimates, the company maintained a full-year guidance that remains below...
Home Depot reported a 4.8% increase in first-quarter fiscal 2026 sales to $41.77 billion, beating analyst estimates. However, net earnings fell 4.2% to $3.29 billion, with adjusted EPS slightly above expectations at $3.43. The company cited a weak ho...
The S&P 500 fell 0.07% to 7,403.05 on Monday, marking its second consecutive decline, pressured by weakness in AI-related technology stocks after Seagate warned of supply constraints. Despite this, Wall Street remains near record highs following a st...
Home Depot's stock increased following the company's fiscal first-quarter results, which surpassed profit and total sales expectations. Although comparable sales growth was slightly below expectations, the company maintained its full-year outlook. Th...
