Home Depot Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

The Home Depot, Inc. HD is projected to release financial results for its third quarter, before the opening bell on Nov. 14, 2023.

Analysts expect the company to post quarterly earnings at $3.58 per share, down from year-ago earnings of $4.24 per share. The company’s revenue might come in at $35.66 billion.

Home Depot, during August, reported better-than-expected results for its second quarter.

Home Depot shares fell 1.2% to close at $288.07 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Stifel analyst John Baugh maintained a Hold rating and cut the price target from $350 to $306 on Nov. 13, 2023. This analyst has an accuracy rate of 78%.
• Truist Securities analyst Scot Ciccarelli maintained a Buy rating and cut the price target from $372 to $341 on Oct. 5, 2023. This analyst has an accuracy rate of 72%.
• DA Davidson analyst Michael Baker maintained a Neutral rating and raised the price target from $290 to $320 on Aug. 16, 2023. This analyst has an accuracy rate of 79%.
• Wells Fargo analyst Zachary Fadem maintained an Overweight rating and increased the price target from $345 to $360 on Aug. 16, 2023. This analyst has an accuracy rate of 84%.
• JP Morgan analyst Christopher Horvers maintained an Overweight rating and raised the price target from $321 to $335 on Aug. 16, 2023. This analyst has an accuracy rate of 74%.

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