The Home Depot, Inc. HD is poised to reveal its quarterly earnings for the second quarter on Aug. 13, 2024.
Wall Street analysts project earnings of $4.50 per share for Home Depot, a slight decrease from $4.65 per share in the same period last year. Revenue for the quarter is expected to stand at $43.37 billion, according to data from Benzinga Pro.
In a notable move on June 18, Home Depot confirmed the finalization of its acquisition of SRS Distribution, Inc. for an estimated enterprise value of around $18.25 billion.
Monday’s trading saw Home Depot shares close at $345.81, marking a decline of 0.8%.
For readers keen on the latest analyst perspectives, a range of top-rated analysts have shared their insights on Home Depot recently.
- Telsey Advisory Group analyst Joseph Feldman, maintaining a Market Perform rating with a price target of $360 on Aug. 7, boasts an impressive accuracy rate of 67%.
- JP Morgan analyst Christopher Horvers, sustaining an Overweight rating and upping the price target from $377 to $400 on Aug. 5, touts a solid accuracy rate of 72%.
- Truist Securities analyst Scot Ciccarelli, upholding a Buy rating while adjusting the price target from $406 to $396 on Aug. 1, maintains a commendable accuracy rate of 69%.
- DA Davidson analyst Michael Baker, upgrading the stock from Neutral to Buy with a price target of $395 on June 26, showcases an accuracy rate of 78%.
- Raymond James analyst Bobby Griffin, sustaining a Market Perform rating as of May 15, maintains an accuracy rate of 71%.
Curious about the analysts’ view on investing in HD stock? Read on for more insights.
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