Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessAnalysts React to Home Depot’s 2023 Investor Conference

Analysts React to Home Depot’s 2023 Investor Conference

Add to Favorite
Added to Favorite


Home Depot (NYSE:HD) reaffirmed its fiscal 2023 guidance and provided an updated market stability base case outlook during its 2023 Investor and Analyst Conference yesterday. The company expects a decline in sales and comparable sales between 2% and 5% compared to fiscal 2022, with a projected decrease in diluted EPS between 7% and 13% year-over-year.
According to Wolfe Research, the home improvement industry is experiencing a period of moderation. However, Home Depot anticipates continued market share gains, especially in the complex pro-project category. The firm maintained its Outperform rating and a $327 price target on the stock, stating that the company’s wide range of products and improving service levels should contribute to long-term pro-share gains.
Bernstein reaffirmed its Market Perform rating and a $314 price target on Home Depot shares. The firm mentioned that Home Depot provided limited new information for 2023, presented a new base case outlook for when the housing market stabilizes, and emphasized its focus on the planned purchase of Pro occasion.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Petrobras (PBR:NYSE) Quarterly Earnings Preview

Petrobras (PBR:NYSE) will announce quarterly earnings, with analysts predicting...

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) Surpasses Q1 Financial Expectations

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) reported Q1...

ZEEKR Intelligent Technology Holding Limited’s IPO Marks a Milestone in the EV Sector

ZEEKR Intelligent Technology Holding Limited, trading under the symbol...

MKS Instruments (NASDAQ:MKSI) Upgraded to Buy by Benchmark

On Friday, May 10, 2024, Benchmark upgraded its rating...