Q2 Earnings Estimate for Home Depot Issued By Zacks Research

The Home Depot, Inc. (NYSE:HD) – Investment analysts at Zacks Research lowered their Q2 2027 earnings per share (EPS) estimates for Home Depot in a research report issued to clients and investors on Friday, May 29th. Zacks Research analyst Team now anticipates that the home improvement retailer will earn $4.70 per share for the quarter, down from their prior estimate of $4.73. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Home Depot’s current full-year earnings is $15.02 per share. Zacks Research also issued estimates for Home Depot’s Q3 2027 earnings at $3.95 EPS, Q4 2027 earnings at $2.87 EPS, FY2027 earnings at $14.95 EPS, Q1 2028 earnings at $3.76 EPS, Q2 2028 earnings at $5.05 EPS, Q3 2028 earnings at $4.27 EPS, Q4 2028 earnings at $3.15 EPS, FY2028 earnings at $16.23 EPS, Q1 2029 earnings at $4.13 EPS and FY2029 earnings at $17.62 EPS.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The company had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.Home Depot’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS.

HD has been the topic of a number of other research reports. BNP Paribas Exane lowered their price target on Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Robert W. Baird lowered their price target on Home Depot from $430.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. JPMorgan Chase & Co. lowered their price target on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Royal Bank Of Canada lowered their price target on Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 20th. Finally, UBS Group reduced their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $371.39.

Home Depot Stock Performance

Shares of HD stock opened at $317.41 on Monday. The company has a market capitalization of $316.49 billion, a P/E ratio of 22.54, a P/E/G ratio of 3.66 and a beta of 0.97. The business’s 50 day moving average is $324.70 and its two-hundred day moving average is $349.61. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. Home Depot has a 12-month low of $289.10 and a 12-month high of $426.75.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. Home Depot’s dividend payout ratio is presently 66.19%.

Insider Activity at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the sale, the chief financial officer owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On Home Depot

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Fin Capital Inc. increased its holdings in shares of Home Depot by 4.3% in the first quarter. Blue Fin Capital Inc. now owns 11,344 shares of the home improvement retailer’s stock valued at $3,731,000 after purchasing an additional 466 shares during the last quarter. Carlson Capital L.P. increased its holdings in shares of Home Depot by 312.0% in the first quarter. Carlson Capital L.P. now owns 9,477 shares of the home improvement retailer’s stock valued at $3,117,000 after purchasing an additional 7,177 shares during the last quarter. Challenger Wealth Management increased its holdings in shares of Home Depot by 1.8% in the first quarter. Challenger Wealth Management now owns 3,463 shares of the home improvement retailer’s stock valued at $1,139,000 after purchasing an additional 60 shares during the last quarter. Alpine Woods Capital Investors LLC increased its holdings in shares of Home Depot by 3.1% in the first quarter. Alpine Woods Capital Investors LLC now owns 13,288 shares of the home improvement retailer’s stock valued at $4,370,000 after purchasing an additional 397 shares during the last quarter. Finally, Allen Capital Group LLC increased its holdings in shares of Home Depot by 4.3% in the first quarter. Allen Capital Group LLC now owns 26,889 shares of the home improvement retailer’s stock valued at $8,843,000 after purchasing an additional 1,107 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Key Stories Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot is expanding store-based services by testing on-site car key duplication through a partnership with KeyMe Locksmiths, which could deepen customer relationships and support more traffic and cross-selling in stores. Home Depot Tests On Site Car Key Service To Deepen Store Relationships
• Neutral Sentiment: JPMorgan-style market commentary and a broader “home improvement stocks” roundup suggest investors are still watching the sector closely, but this looks more like a reference piece than a direct catalyst for Home Depot. Top Home Improvement Stocks To Follow Today – May 28th
• Negative Sentiment: Zacks Research trimmed several forward EPS estimates for Home Depot, including FY2027, FY2028, FY2029 and multiple quarterly forecasts, while keeping a “Hold” rating. That points to slightly softer expectations for future earnings growth.
• Negative Sentiment: Jim Cramer singled out Home Depot as one of the market’s “legitimate disappointments,” tying weaker performance to rising interest rates, which can weigh on home-improvement demand and investor sentiment. Jim Cramer on Home Depot: “I Was Honestly Bracing for the Worst Here”

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.