Home Depot Q2 2024 Adj. EPS $4.67 Beats $4.50 Estimate, Sales $43.175B Miss $43.376B Estimate
Portfolio Pulse from Benzinga Newsdesk
Home Depot (NYSE:HD) reported Q2 2024 adjusted EPS of $4.67, beating the estimate of $4.50, but sales of $43.175 billion missed the $43.376 billion estimate. EPS decreased by 0.21% year-over-year, while sales increased by 0.60%.
August 13, 2024 | 10:01 am
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Home Depot's Q2 2024 adjusted EPS of $4.67 beat estimates, but sales of $43.175 billion missed expectations. EPS decreased by 0.21% year-over-year, while sales increased by 0.60%.
The mixed results, with EPS beating but sales missing estimates, suggest a neutral short-term impact on Home Depot's stock price. The slight year-over-year decrease in EPS and modest increase in sales further support a balanced outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100