Q3 Earnings Estimate for Home Depot Issued By Zacks Research

The Home Depot, Inc. (NYSE:HD) – Stock analysts at Zacks Research reduced their Q3 2027 EPS estimates for Home Depot in a research note issued on Tuesday, September 1st. Zacks Research analyst Team now anticipates that the home improvement retailer will post earnings per share of $3.87 for the quarter, down from their previous forecast of $3.95. The consensus estimate for Home Depot’s current full-year earnings is $15.00 per share. Zacks Research also issued estimates for Home Depot’s Q4 2027 earnings at $2.81 EPS, FY2027 earnings at $15.03 EPS, Q1 2028 earnings at $3.69 EPS, Q2 2028 earnings at $5.04 EPS, Q3 2028 earnings at $4.19 EPS, Q4 2028 earnings at $3.12 EPS, FY2028 earnings at $16.05 EPS, Q1 2029 earnings at $4.06 EPS, Q2 2029 earnings at $5.62 EPS and FY2029 earnings at $17.41 EPS.

Several other analysts have also recently commented on HD. Argus reiterated a “buy” rating and issued a $400.00 price target on shares of Home Depot in a research note on Wednesday, August 19th. HSBC cut their price objective on Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, May 20th. Stifel Nicolaus lifted their target price on Home Depot from $320.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, August 17th. Telsey Advisory Group decreased their target price on Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $398.00 price target on shares of Home Depot in a research note on Tuesday, August 18th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $375.54.

Home Depot Stock Performance

HD opened at $319.70 on Wednesday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The stock has a market capitalization of $318.96 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 3.61 and a beta of 0.96. The company has a fifty day moving average of $340.90 and a 200 day moving average of $337.53. Home Depot has a fifty-two week low of $289.10 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, topping the consensus estimate of $4.73 by $0.19. Home Depot had a net margin of 8.41% and a return on equity of 106.42%. The firm had revenue of $47.86 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the previous year, the firm earned $4.68 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be paid a dividend of $2.33 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.9%. Home Depot’s payout ratio is currently 65.22%.

Insider Buying and Selling

In related news, CFO Richard V. Mcphail sold 5,989 shares of Home Depot stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the completion of the transaction, the chief financial officer directly owned 48,104 shares of the company’s stock, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,455 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $328.77, for a total transaction of $807,130.35. Following the transaction, the executive vice president owned 14,061 shares in the company, valued at $4,622,834.97. The trade was a 14.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 9,154 shares of company stock valued at $3,132,798. Company insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On Home Depot

Several hedge funds and other institutional investors have recently modified their holdings of HD. California State Teachers Retirement System boosted its holdings in Home Depot by 34,873.9% during the 2nd quarter. California State Teachers Retirement System now owns 525,674,125 shares of the home improvement retailer’s stock valued at $185,394,750,000 after acquiring an additional 524,171,077 shares during the period. BlackRock Inc. purchased a new stake in Home Depot in the second quarter worth $28,771,247,000. State Street Corp increased its stake in Home Depot by 1.8% in the fourth quarter. State Street Corp now owns 46,925,342 shares of the home improvement retailer’s stock worth $16,147,010,000 after purchasing an additional 825,164 shares during the period. Geode Capital Management LLC increased its stake in Home Depot by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,756,142 shares of the home improvement retailer’s stock worth $8,151,344,000 after purchasing an additional 343,153 shares during the period. Finally, Bank of America Corp DE bought a new stake in shares of Home Depot during the second quarter worth $5,780,468,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Key Home Depot News

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

• Positive Sentiment: AI and professional-customer growth offer upside. Home Depot has expanded its AI-powered Magic Apron tools across U.S. stores, providing localized product search and project assistance. Investors are also evaluating the company’s professional-customer growth narrative, with one analysis suggesting the stock could be undervalued by roughly 15%. Home Depot Could Be 15% Undervalued On Its Pro Growth Narrative
• Positive Sentiment: Dividend support remains attractive. Home Depot declared a quarterly dividend of $2.33 per share, payable September 17 to shareholders of record September 3. The annualized payout is $9.32, representing an approximately 2.8% yield based on the cited share price. The company’s latest quarterly results also exceeded expectations, with $4.92 in EPS and $47.86 billion in revenue, up 5.7% year over year.
• Neutral Sentiment: Analyst earnings revisions were mixed. Zacks Research raised its Q2 2029 EPS estimate to $5.62 from $5.52 and its FY2027 estimate to $15.03 from $14.95. However, the firm maintained or reduced several other quarterly and annual forecasts, including FY2028 EPS to $16.05 from $16.23 and FY2029 EPS to $17.41 from $17.62. The mixed revisions are unlikely to create a strong near-term catalyst.
• Negative Sentiment: Housing and DIY weakness are weighing on sentiment. High mortgage rates are discouraging homeowners from moving, limiting renovation-related activity. Home Depot has reportedly seen “no sign” of a housing turnaround, while consumers continue to defer larger do-it-yourself projects. Digital sales, broad category gains and higher big-ticket purchases provide partial offsets, but weaker discretionary demand remains a risk. Home Depot Faces Weak DIY Demand
• Negative Sentiment: Insider selling adds a modest cautionary signal. Executive Vice President Teresa Wynn Roseborough sold 2,455 shares for approximately $807,000, reducing her direct holdings by 14.86%. A single planned transaction is not necessarily evidence of deteriorating fundamentals, but it may contribute to near-term investor caution. Teresa Wynn Roseborough Sells Home Depot Shares

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.