Home Depot Inc HD shares were climbing on Tuesday after the company reported upbeat fourth-quarter results.

The results came in amid an exciting earnings season. Here are some key analyst takeaways.

Goldman Sachs On Home Depot

Analyst Kate McShane reiterated a Buy rating and price target of $410.

Home Depot reported its fourth-quarter adjusted earnings at $3.13 per share, beating consensus of $3.01 per share, McShane said in a note. The company's net sales grew by 14.1% year-on-year to $39.7 billion, surpassing consensus of $39.2 billion, with comparable sales growing 0.8%, she added.

Growth in both average ticket size and transactions accelerated sequentially during the quarter, and marked the first time since the first quarter of 2021 that transactions were positive, the analyst stated. Management guided to 2025 sales growth of about 2.8%, below consensus of 3.3%, and a 2.0% decline in earnings versus consensus of 4.6% growth, she further mentioned.

Check out other analyst stock ratings.

JPMorgan On Home Depot

Analyst Christopher Horvers maintained an Overweight rating on the stock.

Home Depot reported strong quarterly results with the first year-on-year earnings growth since the fourth quarter of 2022, Horvers said. While earnings beat consensus by 3%, comps came in at 0.8% versus Street's expectations of a contraction of 1.5%, he added.

"HD expects +1.0% comp, +2.8% sales growth, 33.4% gross margin (flat YOY), a 13.4% adjusted operating margin and adjusted EPS to decline 2% to $14.93e," the analyst wrote. The guidance appears conservative, he further stated.

HD Price Action: Shares of Home Depot are up 4.23% to $398.58 at the time of publication on Tuesday.

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