Reported 1 day ago
Home Depot is set to announce its fourth-quarter results, with expectations of increased sales year-over-year despite a predicted decline in comparable store sales for the ninth consecutive quarter. Analysts are generally optimistic, projecting an average price target 10% higher than the current stock level, with forecasted adjusted earnings per share of $3.02 and sales of $39.06 billion. While some analysts expect modest growth in comparable sales, challenges from inflation on high-ticket items persist, prompting a cautious outlook for 2025.
Source: YAHOO