Home Depot's Strong [Q4 2022] Earnings

Home Depot's Q4 2022 Earnings Strong, But Not Enough

Home Depot Earnings

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The company HD beat Q4 earnings expectations with EPS of $3.30 but missed on revenue with $35.8B.

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Guidance for Fiscal 2023

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Analysts expected largely flat earnings and a slight uptick in sales growth. Home Depot's strength in Pro sales is a positive short-term factor.

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However, the stock's direction will depend on management's financial guidance, which could set sector expectations for the year.

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According to J.P. Morgan analyst Christopher Horvers, Home Depot's guidance may fall short of estimates due to the current economic environment

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However, he maintains an Overweight rating on the stock, as he believes that HD is one of the best long-term stories in the retail sector.

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Thanks for Watching

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Home Depot's Q4 2022 Earnings Strong, But Not Enough

By Arpi Sinha

Feb 21, 2023

Image Source: Unsplash

SubhMantra Presents

Home Depot Earnings

Home Depot, the leading home improvement retailer in the US, has reported strong earnings for the fourth quarter of 2022.

Image Source: Unsplash

The company HD beat Q4 earnings expectations with EPS of $3.30 but missed on revenue with $35.8B.

Image Source: Unsplash

Guidance for Fiscal 2023

Home Depot also guided for disappointing FY 2023 earnings to decline by a mid-single-digit percentage.

Image Source: Unsplash

Analysts expected largely flat earnings and a slight uptick in sales growth. Home Depot's strength in Pro sales is a positive short-term factor.

Image Source: Unsplash

However, the stock's direction will depend on management's financial guidance, which could set sector expectations for the year.

Image Source: Unsplash

According to J.P. Morgan analyst Christopher Horvers, Home Depot's guidance may fall short of estimates due to the current economic environment

Image Source: Unsplash

However, he maintains an Overweight rating on the stock, as he believes that HD is one of the best long-term stories in the retail sector.

Image Source: Unsplash

Thanks for Watching

This information is for educational purposes only. For in-depth analysis on stock market & cryptocurrency, search on Google -

"SubhMantra"

Image Source: Unsplash