by Daman Securities LLC

Sign up
Login

by Daman Securities LLC

Home Depot is Set to Report Q4 Earnings. What Should You Expect?

Home Depot (HD) is set to release its Q4 2024 earnings on Tuesday, February 25 before the opening bell. The stock’s Q4 performance will provide crucial insights into recent developments and highlights. 

The report is expected to highlight continued growth in earnings per share, reflecting Home Depot’s resilience in a challenging retail environment. However, concerns about declining comparable store sales remain a key focus for investors. ⁽¹⁾ 

Source: TradingView 

What To Focus On? 

Home Depot has been displaying strong profitability consistently in 2024. These gains were supported by its management and leadership in the home improvement segment and strategic investments in technology which could help in digital and supply chain operations through its “One Home Depot” plan.   

Focus will also be on ‘Do it yourself’ (DIY) customers and contractors as the company maintains a strong position for homeowners and industry experts. ⁽²⁾  

Home Depot’s store operations, diverse product range, and expansion into e-commerce are expected to support consumer demands. The company is willing to strategize in improving web traffic and customer support, while its strengthening Pro (professional customers) segment gives Home Depot a competitive advantage against rivals like Lowe’s. ⁽³⁾  

Home Depot is prioritizing employee engagement and improving delivery services. The recent acquisition of SRS Distribution has further strengthened its presence in building material distribution, improving services for professional contractors and tradespeople. ⁽⁴⁾  

However, short-term challenges, including weaker consumer demand for high-quality items and macroeconomic pressures, suggest a cautious approach. 

Market Expectations 

Wall Street Estimates 

  • Earnings per Share (EPS): $3.03 
  • Revenue: $39.1 bn 

Recently, Home Depot stock fell almost 6% as the inflation report showed higher than expected numbers, caused by a rise in housing costs. The data could impact the home improvement segment, as the stock is sensitive to interest rates and housing market fluctuations. ⁽⁵⁾  

As the company faces challenges from external factors, Home Depot stock’s price has been raised by several analysts including some from JP Morgan and RBC, which indicates strong fundamentals that back the company’s position as a leader in the consumer discretionary sector. ⁽⁶⁾ 

Home Depot continues to benefit from its investments in technology and e-commerce in order to improve customer relationships and operations. The Pro segment remains an important indicator for growth. Additionally, its acquisition of SRS Distribution has boosted its presence in the building materials market, further strengthening its competitive edge. ⁽⁷⁾ 

Home Depot’s Q4 2024 earnings is highly anticipated by traders and investors, where its performance could weigh on its strong position in the retail sector. While the company may have long-term potential, patience is a must as any developments and comments could trigger volatility in the stock. 

Sources: ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽⁴⁾ ⁽⁷⁾ Zacks, ⁽⁵⁾ Motley Fool, ⁽⁶⁾ Investopedia  

The information provided is not intended to serve as investment advice or a sufficient basis for making investment decisions. It is meant solely for informational purposes.

login
Sign up
We are committed to excel as a leading Arab financial services company focusing on growth and offering value and safety to our clients.

Follow us

Instagram Facebook Linkedin

Products

TRADING

LEGAL

Daman Securities LLC is a limited liability company registered in the United Arab Emirates under Commercial Registration Number 2112974 and is licensed and regulated by the Emirates Securities and Commodities Authority (“the Authority”) to engage in Over-the-Counter Derivatives Contracts and Foreign Exchange Spot Markets, operates under license number 20200000043. Our principal place of business is located at the World Trade Centre, 14th floor, Dubai, United Arab Emirates.

Daman Markets is the designated name for Forex and CFD’s trading services provided by Daman Securities LLC. The domain damanmarkets.com is owned by Daman Securities LLC, and it serves as the primary platform through which we offer our services. It’s noteworthy that the Forex and CFD products of Daman Securities LLC are available through the website damanmarkets.com, ensuring a seamless and integrated experience for our clients.

RISK WARNING: Forex and CFDs are complex instruments. They come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to incur losses and have the appropriate risk appetite.

Notwithstanding any translated version of this page that may be provided, the English language version and all referenced specifications are the official version that bind the Company and the client. In the event of any conflict or discrepancy between any translated version of the Company’s agreement and web page and the English language version, the English language version prevails.

NOTE: The products and services offered by Daman Markets (Daman Securities LLC) are not intended for residents of Afghanistan, Central African Republic, 
Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea (DPRK), Russia, Somalia, South Sudan, Syria, Venezuela, Yemen or to any person in any country or jurisdiction where the offer of such products and services would be contrary to local law ore regulation. This list is not exhaustive and subject to change.  Please contact us directly for more information

This website you are entering is the genuine Daman Markets website by Daman Securities LLC (“Daman”). (https://damanmarkets.com)

It has come to the attention of Daman that a fraudulent website (https://damaninvest.com) is unlawfully using Daman name, brand, and logo. They trick investors into believing they are dealing with Daman and to fraudulently obtain personal financial details and extract money from those people who are deceived into using it.

The fraudulent website is not connected in any way with Daman.

Daman will never ask for your personal information such as contact details, bank account number, and or credit card details by email, text or WhatsApp message, or other electronic means.

Daman will not be liable for any losses paid, suffered, or incurred by anyone as a result of being victimized by the fraudulent company. If you fall victim of the fraudulent company, please report the incident to your local police.