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Benzinga
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Top Wall Street Forecasters Revamp Home Depot Expectations Ahead Of Q1 Earnings

1. HD's Q1 earnings expected at $3.59, slightly down from last year. 2. Projected revenue growth to $39.14 billion from $36.42 billion last year. 3. HD has beaten revenue estimates for two consecutive quarters. 4. Multiple analysts maintain Overweight ratings, many cut price targets. 5. Stock fell 0.4% to $379.38 prior to earnings announcement.

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FAQ

Why Neutral?

Expected earnings decline and mixed analyst sentiment suggest price stabilization.

How important is it?

Analysts' ratings and future earnings guidance heavily influence investor sentiment.

Why Short Term?

Earnings report results could prompt immediate market reactions.

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