Q3 Earnings Forecast for Home Depot Issued By Zacks Research

Key Points

• Analysts at Zacks Research have reduced their Q3 2026 earnings per share estimate for Home Depot from $3.90 to $3.84, while the consensus estimate for the full year is $15.13 per share.
• Home Depot recently reported a Q2 earnings per share of $4.68, slightly missing analysts' expectations, and achieved a revenue of $45.28 billion, which was below the forecast of $45.43 billion.
• The company is set to pay a quarterly dividend of $2.30 on September 18th, with an annualized dividend yield of 2.3%.

The Home Depot, Inc. (NYSE:HD - Free Report) - Analysts at Zacks Research dropped their Q3 2026 earnings per share (EPS) estimates for shares of Home Depot in a research note issued to investors on Tuesday, September 2nd. Zacks Research analyst Team now expects that the home improvement retailer will post earnings per share of $3.84 for the quarter, down from their prior forecast of $3.90. The consensus estimate for Home Depot's current full-year earnings is $15.13 per share. Zacks Research also issued estimates for Home Depot's Q4 2026 earnings at $2.88 EPS, Q1 2027 earnings at $3.87 EPS, Q2 2027 earnings at $5.01 EPS, Q3 2027 earnings at $4.20 EPS, Q4 2027 earnings at $3.23 EPS, FY2027 earnings at $16.31 EPS and FY2028 earnings at $17.74 EPS.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). The business had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot's revenue was up 4.9% on a year-over-year basis. During the same period last year, the business posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS.

A number of other analysts also recently commented on HD. Evercore ISI set a $400.00 target price on Home Depot and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Mizuho upped their target price on Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Wells Fargo & Company upped their target price on Home Depot from $420.00 to $450.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Jefferies Financial Group dropped their target price on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Finally, TD Securities lowered Home Depot to a "buy" rating in a research note on Monday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $432.52.

Home Depot Price Performance

HD stock traded up $1.25 on Thursday, reaching $420.20. 3,737,564 shares of the company's stock were exchanged, compared to its average volume of 3,558,490. The stock has a fifty day moving average of $385.21 and a 200-day moving average of $371.13. Home Depot has a twelve month low of $326.31 and a twelve month high of $439.37. The firm has a market cap of $418.26 billion, a PE ratio of 28.55, a P/E/G ratio of 3.97 and a beta of 1.00. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Institutional Trading of Home Depot

Hedge funds and other institutional investors have recently modified their holdings of the business. Legend Financial Advisors Inc. acquired a new stake in shares of Home Depot in the second quarter worth about $28,000. Sagard Holdings Management Inc. bought a new position in shares of Home Depot in the second quarter worth about $29,000. Abound Financial LLC bought a new position in shares of Home Depot in the first quarter worth about $31,000. LFA Lugano Financial Advisors SA bought a new position in shares of Home Depot in the second quarter worth about $32,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Home Depot in the second quarter worth about $35,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Insider Transactions at Home Depot

In related news, EVP William D. Bastek sold 3,783 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the sale, the executive vice president directly owned 24,235 shares in the company, valued at $9,941,924.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total value of $1,359,930.54. Following the transaction, the chief financial officer owned 45,455 shares in the company, valued at approximately $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,532 shares of company stock worth $18,648,987 over the last quarter. Insiders own 0.10% of the company's stock.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a $2.30 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.2%. Home Depot's dividend payout ratio (DPR) is 62.50%.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.