Q3 Earnings Forecast for Home Depot Issued By Zacks Research

The Home Depot, Inc. (NYSE:HD) – Research analysts at Zacks Research cut their Q3 2026 EPS estimates for Home Depot in a note issued to investors on Tuesday, September 2nd. Zacks Research analyst Team now anticipates that the home improvement retailer will earn $3.84 per share for the quarter, down from their prior forecast of $3.90. The consensus estimate for Home Depot’s current full-year earnings is $15.13 per share. Zacks Research also issued estimates for Home Depot’s Q4 2026 earnings at $2.88 EPS, Q1 2027 earnings at $3.87 EPS, Q2 2027 earnings at $5.01 EPS, Q3 2027 earnings at $4.20 EPS, Q4 2027 earnings at $3.23 EPS, FY2027 earnings at $16.31 EPS and FY2028 earnings at $17.74 EPS.

Other equities analysts also recently issued reports about the stock. Truist Financial increased their price target on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Evercore ISI set a $400.00 target price on shares of Home Depot and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Jefferies Financial Group decreased their target price on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Finally, Guggenheim reaffirmed a “buy” rating and set a $450.00 target price on shares of Home Depot in a research note on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $432.52.

Home Depot Price Performance

HD stock opened at $412.23 on Thursday. Home Depot has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a market cap of $410.32 billion, a P/E ratio of 28.00, a PEG ratio of 3.86 and a beta of 1.00. The firm has a 50-day moving average of $384.20 and a 200 day moving average of $371.35. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. During the same period in the previous year, the company earned $4.60 earnings per share. Home Depot’s quarterly revenue was up 4.9% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS.

Institutional Investors Weigh In On Home Depot

Institutional investors have recently made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new stake in Home Depot in the second quarter worth approximately $28,000. Sagard Holdings Management Inc. purchased a new stake in Home Depot in the second quarter worth approximately $29,000. Abound Financial LLC purchased a new stake in Home Depot in the first quarter worth approximately $31,000. LFA Lugano Financial Advisors SA purchased a new stake in Home Depot in the second quarter worth approximately $32,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Home Depot in the second quarter worth approximately $35,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Activity

In other news, CFO Richard V. Mcphail sold 3,369 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the sale, the chief financial officer owned 45,455 shares in the company, valued at $18,348,365.30. This represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the sale, the chief executive officer owned 122,425 shares in the company, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,532 shares of company stock valued at $18,648,987. Company insiders own 0.10% of the company’s stock.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a dividend of $2.30 per share. The ex-dividend date is Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.2%. Home Depot’s dividend payout ratio is presently 62.50%.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.