Truist Financial analyst Scot Ciccarelli maintains $Home Depot (HD.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 73.3% and a total average return of 18.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Home Depot (HD.US)$'s main analysts recently are as follows:
The firm anticipates a modest outperformance in comparable sales and earnings, which could enable the company to achieve the upper end of its previously reduced full-year guidance. Although this outcome would be favorable, there is still limited clarity regarding improvements within specific categories.
The firm maintains a Hold rating on Home Depot shares, expressing 'increased confidence' ahead of the upcoming fiscal Q3 earnings. Their revised earnings per share estimates for FY24 exceed the upper range of the company's guidance. Despite the near-term positive outlook, a more conservative stance is taken for FY25 and FY26, with expectations set below the consensus due to uncertainties regarding the extent of the category's recovery. It is observed that Home Depot and Lowe's shares have pulled back from recent highs but have experienced a significant uptick following the release of the June CPI data.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
