Home Depot Stock Stabilizes Ahead of August Earnings Report

Home Depot's stock has been trading in the high $330s ahead of its fiscal second-quarter earnings report on August 18, 2026. The shares have settled around $338.86 after closing at $338.21 as of August 14, 2026. Despite modest growth expectations, investors are viewing the company's reaffirmed full-year outlook positively.

The upcoming earnings report will cover Home Depot's spring selling season, which is traditionally its strongest period. Analysts expect fiscal Q2 EPS to range from $4.71 to $4.73 on revenue near $47 billion, indicating year-over-year EPS growth of up to 1 percent and revenue expansion of roughly 3.8 percent.

Analyst sentiment remains supportive, with a consensus recommendation of 'Moderate Buy' and an average analyst price target of $373.18. This represents a potential upside of around 10 percent from the current share price. An intrinsic value framework also suggests that Home Depot's shares are undervalued by around 11.5 percent.