Home Depot Q3 Earnings: Doing The Best It Can Against All Odds [Seeking Alpha]
Home Depot, Inc. (The) (HD)
Last home depot, inc. (the) earnings: 2/25 06:00 am
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US:NYSE Investor Relations:
ir.homedepot.com
Company Research
Source: Seeking Alpha
Play 14min Summary Home Depot's Q3 performance exceeded expectations, driven by hurricane-related sales and the integration of SRS Distribution, leading to an upward revision of FY24 guidance. Despite positive Q3 results, high interest rates and elevated mortgage rates continue to defer larger remodeling projects, posing a significant headwind for Home Depot's growth. The SRS acquisition appears promising, contributing significantly to sales and aligning with Home Depot's strategy to emphasize the Pro segment, though its full impact will take time. Given the current valuation and macroeconomic challenges, I maintain a HOLD rating on Home Depot, as the stock shows little-to-no upside potential at current levels. kieferpix Investment Thesis In my last article on Home Depot (NYSE: NYSE: HD ), published in May 2024, I analysed the company's first quarter report and investigated how the company's renewed strategy of focusing more on the Pro business was progressing. I
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HD
Earnings
- 11/12/24 - Beat
HD
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 144
- 11/20/24 - Form 4
- HD's page on the SEC website