HD Earnings Prediction
The chart below shows how HD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HD sees a -0.25% change in stock price 10 days leading up to the earnings, and a +0.19% change 10 days following the report. On the earnings day itself, the stock moves by +0.54%. This data can give you a slight idea of what to expect for the next quarter's release.
HD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
37.71B
-2.99%
-12.13%
Gross Margin
31.97%
-1.51%
1.59%
Operating Margin
14.34%
-9.36%
-6.58%
Net Margin
10.10%
-9.50%
-7.00%
EPS
3.81
-10.14%
-18.06%
No Data Available
HD Earnings Analysis
Home Depot, Inc. Corporation (HD.N) Earnings Conference Call
Positive
Third Quarter Sales Increase: Sales for the third quarter were $40.2 billion, an increase of approximately 6.6% from last year.
Comp Sales Performance: Our total company comps were negative 1.3% with comps of negative 3.3% in August, negative 2.3% in September and positive 1% in October.
Gross Margin Decline: Our gross margin was approximately 33.4%, a decrease of approximately 40 basis points from the third quarter last year, primarily driven by mix as a result of the SRS acquisition, partially offset by benefits from lower shrink.
Store Expansion Update: During the third quarter, we opened five new stores, bringing our total store count to 2,345.
Capital Expenditures Investment: We invested approximately $820 million back into our business in the form of capital expenditures.
Negative
Third Quarter Sales Decline: Sales for the third quarter were $40.2 billion, a decline of 1.3% from the same period last year and negative comps of 1.2% in U.S. stores.
Earnings Per Share Decline: Adjusted diluted earnings per share were $3.78 in the third quarter compared to $3.85 in the third quarter last year, representing a decrease of approximately 2%.
Gross Margin Decline: Our gross margin was approximately 33.4%, a decrease of approximately 40 basis points from the third quarter last year, primarily driven by mix as a result of the SRS acquisition.
Operating Expenses Increase: During the third quarter, operating expenses as a percentage of sales increased approximately 45 basis points to 19.9% compared to the third quarter of 2023.
Earnings Per Share Decline: Our diluted earnings per share for the third quarter were $3.67, a decrease of approximately 4% compared to the third quarter of 2023.
HD FAQs
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HD Earning Call Sentiment
The Home Depot, Inc. (HD) Q3 2024 Earnings Call Transcript
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00:00
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HD.N
2.51%Positive
The earnings call summary reveals mixed results: increased total sales but declining comparable sales, margins, and EPS. The Q&A section highlights management's evasiveness, particularly regarding market conditions and weather impacts. Despite a strong dividend payout, increased interest expenses and reduced ROIC indicate financial strain. The negative sentiment from analysts, coupled with declining margins and weak financial health, suggest a negative stock reaction. Adjustments for strong dividends are overshadowed by financial concerns and management's unclear responses, leading to a negative prediction.