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HomeFinancialHouse Depot (HD) earnings This fall 2021

House Depot (HD) earnings This fall 2021

A consumer leaves a House Depot with merchandise that she bought on August 17, 2021 in Alexandria, Virginia.

Alex Wong | Getty Photographs

Home Depot will report its fourth-quarter earnings on Tuesday, because the retailer gears up for spring and tries to capitalize on housing demand.

Here is what Wall Road is anticipating, primarily based on a survey of analysts by Refinitiv:

  • Earnings per share: $3.18 anticipated
  • Income: $34.87 billion anticipated

The house enchancment retailer has been a clear winner during the pandemic, however it has different dynamics working in its favor. Millennials, the nation’s largest technology, are shifting into their first houses or into larger houses, at the same time as some Child Boomers, the second largest technology, resolve to age in place. That is squeezing provide and driving actual property costs greater. The nation’s aging housing stock is inflicting extra restore, upkeep and renovation initiatives, too — as is extra wear-and-tear from Individuals spending extra time working remotely.

But some traders marvel if dwelling enchancment’s scorching streak can proceed as retailers lap a interval of presidency stimulus, increase costs due to inflation and compete with different spending priorities like eating out and trip.

House Depot has not shared an outlook for the final fiscal yr or the upcoming yr, saying the backdrop is just too unsure.

The corporate not too long ago introduced a change in management. Firm veteran and Chief Working Officer Ted Decker will step into the role of CEO, as of March 1. Outgoing CEO Craig Menear will proceed to function chair of the board.

As of Friday’s shut, House Depot shares are up 24% over the previous 12 months and have outperformed the broader market. The S&P 500 is up about 11% over the previous yr. Shares closed on Friday at $346.87, down lower than 1%. The corporate’s market worth is $362.22 billion.

This story is breaking. Please test again for updates.

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