Stock Region Earnings Calendar

Newsletter: Earnings Spotlight - August 13

Stock Region Newsletter: Earnings Spotlight - August 13

Photo by Marques Thomas on Unsplash

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Welcome to today's Stock Region newsletter, where we bring you the latest updates from the earnings calendar. In focus today is Home Depot, alongside other noteworthy earnings reports. Let's dive into the details.

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Home Depot Earnings Spotlight:

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• Company: Home Depot (HD)

• Earnings Per Share (EPS): $4.52 (down 2.8% year-over-year)

• Revenue Forecast: $43.1 billion (up 0.05% year-over-year)

UBS Global Research analyst, Michael Lasser, has noted that Q2 home improvement retail demand has remained stubbornly soft, particularly affecting big-ticket items that require financing. However, the strength in Home Depot’s pro segment is expected to help stabilize its results. Lasser also anticipates that Home Depot may issue lower full-year guidance due to sluggish retail trends.