Home Depot Set to Report Q2 Earnings Amid Interim Leadership Change
Home Depot's stock price remains steady ahead of its August 18 earnings report. The company, led by Chairman, President and CEO Ted Decker during his temporary medical leave, is expected to announce second-quarter results that include $4.71 a share in earnings per share (EPS) and $47.5 billion in revenue.
The latest market note points to a 0.1% downward revision in the consensus EPS estimate over the past 30 days. This downward revision suggests caution among investors, despite expectations for strong top-line growth.
Home Depot's business has been showing momentum, with revenue rising 4.8% from the prior year period and net profit reaching $3.29 billion in the last reported quarter. The company's scale gives it leverage when large-ticket repair and renovation spending holds up.