Home Depot Q2 EPS $4.65 Beats $4.46 Estimate, Sales $42.92B Beat $42.25B Estimate
Portfolio Pulse from Benzinga Newsdesk
Home Depot reported Q2 earnings of $4.65 per share, beating the analyst consensus estimate of $4.46 by 4.26%. However, the company's quarterly sales of $42.92 million missed the analyst consensus estimate of $42.25 billion by 99.90%, marking a 99.90% decrease from the same period last year.
August 15, 2023 | 10:00 am
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NEGATIVE IMPACT
Home Depot's Q2 earnings exceeded expectations but sales significantly missed estimates, which could negatively impact the stock price.
While Home Depot's earnings beat estimates, the significant miss in sales could be a cause for concern for investors. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100