Home Depot beats Q1 adjusted EPS estimates, reaffirms 2026 outlook

Home Depot

19/05/2026 11:11

Overview

US home improvement retailer's fiscal Q1 revenue rose 4.8% yr/yr

Adjusted EPS for fiscal Q1 beat analyst expectations

Company reaffirmed fiscal 2026 guidance amid consumer uncertainty and housing affordability pressure

Outlook

Home Depot reaffirms fiscal 2026 total sales growth of 2.5% to 4.5%

Company expects fiscal 2026 comparable sales growth of flat to 2.0%

Home Depot sees fiscal 2026 diluted EPS growth of flat to 4% from $14.23 in fiscal 2025

Result Drivers

STABLE DEMAND - Co said underlying demand was similar to last year despite greater consumer uncertainty and housing affordability pressure, per CEO Ted Decker

FOREIGN EXCHANGE IMPACT - Foreign exchange rates positively impacted total company comparable sales by about 55 basis points

Company press release: ID:nPn2fZpbna

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$3.43
$3.41 (26 Analysts)
Q1 Comparable sales Growth
0.60%
Q1 Operating Income
$4.98 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 15 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the home improvement products & services retailers peer group is "buy"

Wall Street's median 12-month price target for Home Depot Inc is $409.00, about 36.4% above its May 18 closing price of $299.81

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)