Market Overview

ITG Analyst Says Home Depot Might Miss Q2 Street Views

Related HD
Angie's List Up for Sale: Who Will Be ANGI's Angel? - Stocks in the News
#PreMarket Primer: Wednesday, September 24: US Economy Looking Strong In The Third Quarter
Ex-AIG CEO Looks to Scorch Gov't in Trial (Fox Business)

The Home Depot's (NYSE: HD) outlook was renovated Monday in light of what one analyst says is slower housing turnover and weaker remodeling activity.

ITG's John Tomlinson also said prices at the home improvement giant have continued to fall, citing a look at proprietary data.

Tomlinson trimmed his second-quarter revenue forecast to $23.38 billion, compared with the Street view of $23.62 billion.

Same-store sales for the second-quarter will grow 3.5 percent, Tomlinson forecasts, compared with analysts' average prediction of 4.6 percent.

Domestic same-store sales will rise 3.8 percent, Tomlinson predicted.

Home Depot plans to release second-quarter earnings August 14.

Shares closed Monday at $81.42, down 0.77 percent.

Latest Ratings for HD

DateFirmActionFromTo
Sep 2014OppenheimerMaintainsOutperform
Aug 2014CitigroupMaintainsBuy
Aug 2014Deutsche BankMaintainsHold

View More Analyst Ratings for HD
View the Latest Analyst Ratings

Posted-In: ITG John TomlinsonAnalyst Color Analyst Ratings

 

Related Articles (HD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters