Market Overview

ITG Analyst Says Home Depot Might Miss Q2 Street Views

Related HD
Home Depot Extends Winning Streak To 9 Days
Home Depot Extends Winning Streak To Eight Days
American Woodmark Soars On Sales To Builders, Dealers (Investor's Business Daily)

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

Nov 2015Cantor FitzgeraldMaintainsHold
Nov 2015Credit SuisseMaintainsOutperform
Aug 2015CitigroupMaintainsBuy

View More Analyst Ratings for HD
View the Latest Analyst Ratings

Posted-In: ITG John TomlinsonAnalyst Color Analyst Ratings


Related Articles (HD)

Get Benzinga's Newsletters