Home Depot FY24 Adj. EPS Outlook $14.66-$14.96 Vs. $15.14 Estimate
Portfolio Pulse from Benzinga Newsdesk
Home Depot has revised its FY24 adjusted EPS outlook to $14.66-$14.96, below the $15.14 estimate. The company expects a 53-week diluted EPS decline of 2%-4%, with the 53rd week contributing approximately $0.30 to diluted EPS compared to fiscal 2023.
August 13, 2024 | 10:08 am
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Home Depot has revised its FY24 adjusted EPS outlook to $14.66-$14.96, which is below the $15.14 estimate. The company expects a 53-week diluted EPS decline of 2%-4%, with the 53rd week contributing approximately $0.30 to diluted EPS compared to fiscal 2023.
The revised EPS outlook is below market expectations, which is likely to negatively impact investor sentiment and the stock price in the short term. The expected decline in 53-week diluted EPS further adds to the negative outlook.
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IMPORTANCE 80
RELEVANCE 100