Home Depot earnings: Wall Street stays upbeat despite signs of weakening home improvement demand

The retail giant is scheduled to report fiscal third-quarter results, which runs through October, before the Nov. 15 opening bell.

Wells Fargo analyst Zachary Fadem acknowledged that the fundamental setup ahead of earnings is “tricky.” Given “toxic” housing market sentiment, he said the stock is priced for downward estimates revisions, but he doesn’t believe that will happen. And rather than full-year consensus analyst estimates being too high, Baker said Home Depot’s guidance is likely too low, and will be raised when it reports results.

At that time, Home Depot wouldn’t comment on demand trends, given the proximity to its reporting of results, but said it would “share more” when it reveals those results.Here’s what Wall Street is expecting from Home Depot’s third-quarter results:

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Some Home Depot hot dogs now made with wagyu, the fanciest beef on the marketA family of Michigan dairy farmers launch Vander Farmers, a wagyu brand that's catching on at Chicago steakhouses and Home Depot hot dog stands.
Source: chicagotribune - 🏆 8. / 91 Read more »

Stock Market Today: Dow Surges 000 Points as CPI Report Shows Inflation Eased to 7.7% in OctoberThe Dow climbed more than 1,000 points on signs of easing inflation and hopes the Fed would slow the pace of rate increases dissapointing to republicans? Didn't the Fed say they will hold interests high for a while till they are sure interest rates stay low? The current stock rally will probably add to their resolve.
Source: WSJ - 🏆 98. / 63 Read more »