Home Depot Analysts Cut Their Forecasts Following Q2 Results
Portfolio Pulse from Avi Kapoor
Home Depot (NYSE:HD) reported mixed Q2 results with sales growth of 0.6% year-over-year, missing estimates, but beating EPS expectations. The company raised its sales guidance but expects a decline in comparable sales. Analysts have adjusted their price targets following the earnings announcement.
August 14, 2024 | 12:34 pm
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Home Depot reported mixed Q2 results with sales growth of 0.6% year-over-year, missing estimates, but beating EPS expectations. The company raised its sales guidance but expects a decline in comparable sales. Analysts have adjusted their price targets following the earnings announcement.
The mixed Q2 results and revised guidance indicate some uncertainty in Home Depot's short-term performance. While the company raised its sales guidance, the expected decline in comparable sales and the mixed analyst reactions suggest a neutral short-term impact on the stock price.
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