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Home Depot (HD) Q4 Earnings: What To Expect

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Home improvement retail giant Home Depot (NYSE: HD) will be reporting results this Tuesday morning. Here’s what to expect.

Home Depot met analysts’ revenue expectations last quarter, reporting revenues of $41.35 billion, up 2.8% year on year. It was a slower quarter for the company, with a miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates.

Is Home Depot a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Home Depot’s revenue to decline 3.9% year on year, a reversal from the 14.1% increase it recorded in the same quarter last year.

Home Depot Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Home Depot rarely misses Wall Street’s revenue estimates.

Looking at Home Depot’s peers in the home furnishing and improvement retail segment, only Floor And Decor has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 2%. The stock traded up 4.3% on the results.

Read our full analysis of Floor And Decor’s earnings results here.

Investors in the home furnishing and improvement retail segment have had steady hands going into earnings, with share prices flat over the last month. Home Depot is down 1.1% during the same time and is heading into earnings with an average analyst price target of $398.45 (compared to the current share price of $382.19).

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