Home Depot (NYSE:HD) Releases FY 2026 Earnings Guidance

Home Depot (NYSE:HD) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 14.690-15.278 for the period, compared to the consensus EPS estimate of 15.050. The company issued revenue guidance of $168.8 billion-$172.1 billion, compared to the consensus revenue estimate of $171.2 billion.

Home Depot Stock Up 1.9%

Shares of NYSE HD opened at $343.91 on Thursday. The company has a 50 day simple moving average of $340.56 and a 200-day simple moving average of $340.77. The company has a market capitalization of $342.92 billion, a P/E ratio of 24.07, a P/E/G ratio of 4.06 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.28. Home Depot has a 1 year low of $289.10 and a 1 year high of $426.75.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating analysts’ consensus estimates of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The firm had revenue of $47.86 billion for the quarter, compared to analysts’ expectations of $47.24 billion. During the same period in the prior year, the firm posted $4.68 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts predict that Home Depot will post 14.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Morgan Stanley lowered their price target on Home Depot from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Weiss Ratings upgraded shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. BNP Paribas Exane decreased their target price on shares of Home Depot from $348.00 to $325.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. The Goldman Sachs Group lowered their target price on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Bank of America assumed coverage on shares of Home Depot in a research report on Tuesday, May 5th. They set a “buy” rating and a $374.00 price target for the company. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $375.54.

Key Headlines Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot reported adjusted earnings per share of $4.92 and revenue of $47.86 billion, exceeding analyst estimates of approximately $4.73-$4.71 and $47.24-$47.27 billion, respectively. Revenue rose 5.7% year over year. Home Depot Fiscal Second-Quarter Results Top Street Views; Maintains Full-Year Outlook
• Positive Sentiment: Comparable sales increased 1.7% globally and 1.3% in the U.S., the company’s strongest comparable-sales performance in several years. Higher average transaction values, smaller repair projects and resilient Pro-customer demand helped offset fewer customer visits. Home Depot beats quarterly estimates on smaller project demand
• Positive Sentiment: Analysts generally viewed the results favorably. DA Davidson, Argus and Guggenheim reaffirmed Buy ratings, with price targets of $377, $400 and $425, respectively, supporting the view that Home Depot can gain share before a broader home-improvement recovery. Analysts revise forecasts on Home Depot after Q2 earnings
• Positive Sentiment: Home Depot expanded Express Delivery nationwide, using more than 2,000 stores as local fulfillment hubs to deliver many products within three hours. The initiative could improve online conversion, order frequency and customer retention among both DIY shoppers and professional customers. The Home Depot Expands Nationwide Express Delivery
• Neutral Sentiment: Management maintained its fiscal 2026 outlook, calling for revenue of approximately $168.8 billion-$172.1 billion and EPS of $14.69-$15.28. The unchanged forecast provides stability but signals that management is not yet assuming a meaningful housing recovery.
• Negative Sentiment: Elevated mortgage rates and housing costs continue to discourage major renovations and big-ticket purchases. A $730 million tariff refund largely offset rising fuel, energy, labor and other operating costs, limiting margin upside. Home Depot’s tariff refund was offset by rising costs
• Negative Sentiment: Investors remain cautious because the quarter reflected maintenance and smaller-project demand rather than a broad-based housing rebound. CEO Ted Decker’s medical leave also adds a near-term leadership overhang. Home Depot Just Flashed a Housing Market Warning

Hedge Funds Weigh In On Home Depot

Several hedge funds have recently bought and sold shares of HD. Compound Planning Inc. boosted its holdings in Home Depot by 5.1% during the 4th quarter. Compound Planning Inc. now owns 12,060 shares of the home improvement retailer’s stock valued at $4,150,000 after acquiring an additional 582 shares during the period. Strive Financial Group LLC purchased a new stake in Home Depot during the fourth quarter worth about $594,000. Blue Sparrow LLC DE acquired a new stake in shares of Home Depot during the fourth quarter worth about $18,650,000. Mercer Global Advisors Inc. ADV lifted its position in shares of Home Depot by 4.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 379,969 shares of the home improvement retailer’s stock worth $131,095,000 after purchasing an additional 16,385 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Home Depot by 1.6% in the fourth quarter. Raymond James Financial Inc. now owns 5,736,050 shares of the home improvement retailer’s stock valued at $1,974,398,000 after purchasing an additional 90,709 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.