Home Depot: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Home Depot (NYSE:HD) reported Q3 earnings with an EPS of $3.81, beating estimates by 6.42% but with a revenue decrease of $1.16 billion from the same period last year. The company had previously beaten EPS estimates last quarter, which resulted in a slight share price increase the following day.
November 14, 2023 | 11:05 am
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Home Depot reported higher-than-expected Q3 EPS at $3.81, surpassing estimates by 6.42%, but saw a revenue decline from the previous year.
While Home Depot beat EPS estimates, the decrease in revenue could temper investor enthusiasm, leading to a neutral short-term impact on the stock price. Historical data shows a slight increase in share price following last quarter's EPS beat, but the revenue decline adds uncertainty to the stock's short-term trajectory.
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IMPORTANCE 75
RELEVANCE 100