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Home Depot Inc. (NYSE: HD) reported earnings of $4.68 per share on revenue of $45.28 billion for the recent quarter, slightly missing analysts’ expectations of $4.72 per share and $45.41 billion in revenue. This marks the second consecutive quarter of missed earnings expectations and the first time since May 2014 that the company has fallen short on both earnings and revenue. However, Home Depot anticipates a 2.8% growth in net sales and a 1% increase in same-store sales for the fiscal year.
Tickered Lowe’s, Target Corp. (NYSE: TGT), and Walmart Inc. (NYSE: WMT) are next in line to report their earnings this week. Lowe’s is forecasted to announce second-quarter earnings of $4.24 per share, while Target’s expected earnings are set to drop to $2.04 per share, a 20.6% decrease year-over-year. Walmart’s anticipated earnings of $0.74 per share will provide insights on how it is managing the costs of tariffs on consumer prices.
As for the stock ratings following Home Depot’s results, Lowe’s and Home Depot each hold a C-rating, suggesting a hold position, while Target has a D-rating indicating it is a sell. Walmart, with a B-rating, is considered the best prospect of the group moving forward.
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