Home Depot Stock Dips Despite Strong Q2 Earnings
Home Depot's stock price took a dip despite strong Q2 earnings and reaffirmed guidance. The home improvement retailer reported total sales rising 5.7 percent year over year to $47.9 billion, with adjusted earnings per share up 5.1 percent to $4.92.
The company's fiscal 2026 second quarter results surpassed Wall Street expectations, according to Zacks. Home Depot reaffirmed its guidance for total sales growth of 2.5 to 4.5 percent and comparable sales growth of flat to 2 percent, with projected earnings per share flat to up 4 percent from $14.23 in the year-ago period.
Analyst estimates point to expected increases of 4.1 percent for Home Depot's fiscal 2026 sales and 2.1 percent for earnings per share compared to the previous year, indicating moderate growth despite recent share price weakness.