Home Depot Q1 Earnings Preview: 'Well Positioned For Share Gains' — Will Consumers Doing Home Repairs Over Buying Homes Help?
Home Depot Q1 Earnings Preview: 'Well Positioned For Share Gains' — Will Consumers Doing Home Repairs Over Buying Homes Help?
Home improvement retailer Home Depot Inc (NYSE:HD) reports first-quarter financial results before market open Tuesday May 14, 2024.
家居裝修零售商家得寶公司（紐約證券交易所代碼：HD）在2024年5月14日星期二開市前公佈了第一季度財務業績。
Here are the key earnings estimates, what analysts are saying and items to watch.
以下是關鍵的收益估計、分析師的看法和值得關注的項目。
Earnings Estimates: Analysts expect Home Depot to report first-quarter revenue of $36.68 billion according to estimates from Benzinga Pro.
收益估計：根據Benzinga Pro的估計，分析師預計家得寶公佈的第一季度收入爲366.8億美元。
The estimated revenue would represent a year-over-year decline from the $37.26 billion reported in last year's first quarter. The company has beaten revenue estimates from analysts in eight of the past 10 quarters.
估計的收入將比去年第一季度公佈的372.6億美元同比下降。在過去的10個季度中，該公司的收入超過了分析師的預期。
Analysts expect the company to report earnings per share of $3.60, down from $3.82 reported in last year's first quarter. The company has beaten earnings per share in each of the past 10 quarters.
分析師預計，該公司公佈的每股收益爲3.60美元，低於去年第一季度公佈的3.82美元。在過去的10個季度中，該公司的每股收益均超過每股收益。
Guidance from the company calls for full-year revenue to be $154.2 billion, up around 1% year-over-year. Full-year earnings per share are also expected to rise around 1% year-over-year to $15.26.
該公司的指導顯示，全年收入爲1542億美元，同比增長約1％。全年每股收益預計也將同比增長約1％，至15.26美元。
What Analysts Are Saying: Home Depot could be "well positioned for share gains," Bank of America analyst Robert Ohmes said in a new investor note.
分析師在說什麼：美國銀行分析師羅伯特·奧姆斯在一份新的投資者報告中表示，家得寶可能 “爲股票上漲做好了充分的準備”。
The analyst, who has a Buy rating and $425 price target, said gross margin expansion in 2024 could help offset expense deleverage.
這位評級爲買入，目標股價爲425美元的分析師表示，2024年的毛利率增長可能有助於抵消支出去槓桿化。
"While the macro remains choppy, and we expect continued pressure in 2024 on discretionary and big ticket, we expect HD to see continued share gains as it accelerates growth and capabilities with the complex pro, both organically and inorganically," Ohmes said.
歐姆斯說：“儘管宏觀經濟仍然波動，我們預計2024年全權和大額股票將繼續面臨壓力，但我們預計，隨着HD加速複雜專業股的增長和能力，無論是有機還是無機，HD的股價都將持續上漲。”
The analyst said Home Depot has stronger exposure to professional customers than rival Lowe's Companies (NYSE:LOW).
這位分析師表示，與競爭對手勞氏公司（紐約證券交易所代碼：LOW）相比，家得寶在專業客戶中的曝光率更高。
Here are other recent analyst ratings on Home Depot and their respective price targets:
以下是分析師最近對家得寶的評級及其各自的目標股價：
Wedbush: Outperform rating, $410 price target
Wedbush：跑贏大盤評級，目標股價410美元
Wells Fargo: Overweight rating, lowered price target from $425 to $400
富國銀行：增持評級，將目標股價從425美元下調至400美元
Citigroup: Buy rating, lowered price target from $415 to $395
花旗集團：買入評級，將目標股價從415美元下調至395美元
Telsey: Market Perform rating, $360 price target
Telsey：市場表現評級，目標股價爲360美元
Truist: Buy rating, $417 price target
Truist：買入評級，目標價爲417美元
Evercore ISI Group: Outperform rating, lowered price target from $420 to $415
Evercore ISI集團：跑贏大盤評級，將目標股價從420美元下調至415美元
Guggeheim: Buy rating, $390 price target
古格海姆：買入評級，目標價390美元
Key Items to Watch: Home Depot's quarterly report could provide a look at how the home Improvement market is fairing.
值得關注的關鍵事項：家得寶的季度報告可能會讓人們了解家居裝修市場的走勢。
With more people choosing to do home repairs instead of looking to buy a house with high interest rates, Home Depot could be a beneficiary. Home Depot could benefit from new home builds, but home repairs likely provide a larger opportunity with its growth in professional sales.
隨着越來越多的人選擇進行房屋維修，而不是購買高利率的房屋，家得寶可能會成爲受益者。家得寶可能會受益於新建房屋，但隨着專業銷售的增長，房屋維修可能會提供更大的機會。
Any discussion on the growth of smart home items and artificial intelligence use cases could also be widely watched by investors and analysts in the report.
投資者和分析師也可以在報告中廣泛關注任何關於智能家居用品和人工智能用例增長的討論。
The company's quarterly report comes ahead of rival Lowe's reporting on May 24.
該公司的季度報告是在競爭對手Lowe於5月24日發佈報告之前發佈的。
Home Depot shares are up more over the last year (+18.8%) compared to Lowes's (+14.0%), but trail the year-to-date return in 2024 at -1% compared to +4.8% for Lowe's.
與勞斯（+14.0％）相比，家得寶股價在去年上漲幅度更大（+18.8％），但落後於2024年迄今爲止的回報率，爲-1％，而勞氏的回報率爲+4.8％。
HD Price Action: Home Depot shares trade on Monday at $341.69 versus a 52-week trading range of $274.26 to $396.87.
HD價格走勢：家得寶股票週一交易價格爲341.69美元，而52周的交易區間爲274.26美元至396.87美元。
譯文內容由第三人軟體翻譯。