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Benzinga
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Home Depot Analysts Increase Their Forecasts Following Q2 Results

1. Home Depot reported $45.277 billion in Q2 sales, missing estimates. 2. Net earnings were stable but below consensus with adjusted EPS at $4.68. 3. The company's fiscal 2025 guidance projects sales growth of 2.8%. 4. Shares fell 1.1% to $402.85 following the earnings announcement. 5. Analysts raised target prices, maintaining positive ratings on HD.

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FAQ

Why Bearish?

Despite some sales growth, earnings missed expectations, impacting investor sentiment negatively.

How important is it?

Missing earnings expectations can typically influence investor confidence and stock performance.

Why Short Term?

Immediate market reaction typically governs short-term performance; earnings impact remains fresh.

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