Is Home Depot (HD) Stock Finally Turning a Corner After Q2 Earnings Beat?
TLDR
- Home Depot reported adjusted EPS of $4.92, beating the $4.73 estimate by $0.19
- Revenue came in at $47.86 billion, topping the consensus of $47.23 billion
- Sales rose 5.6% year-over-year, driven by demand for smaller renovation projects
- Home Depot reaffirmed fiscal 2026 guidance for sales growth of 2.5% to 4.5% and adjusted EPS of $14.69
- The stock pointed 1.5% higher at $340.80 ahead of Tuesday’s open
Home Depot (HD) stock climbed roughly 1.5% to $340.80 ahead of Tuesday’s open after the home-improvement retailer posted fiscal second-quarter results that topped analyst expectations.
Adjusted EPS came in at $4.92, beating the $4.73 consensus estimate. Revenue hit $47.86 billion, ahead of the $47.23 billion forecast, with sales rising 5.6% year-over-year.
CFO Richard McPhail pointed to broad demand across the business. “We saw broad based demand across the business as customers continued to engage in smaller projects,” he said.
Expectations heading into the print were low. The housing affordability crisis has slowed the number of Americans moving, which is typically the biggest trigger for major home-improvement spending.
… Continue reading the full article at the original source below.
