These Analysts Revise Their Forecasts On Home Depot After Q2 Earnings

Key takeaways

• Home Depot’s Q2 beat and steady outlook keep the stock on a positive trajectory, with analysts cautiously adjusting targets.
• $4.92 EPS
• $47.861 billion sales
• $4.73 consensus EPS

What happened

Home Depot Inc. (HD) reported Q2 earnings of $4.92 per share and sales of $47.861 billion, both beating analyst consensus of $4.73 and $47.271 billion respectively. The company reaffirmed its fiscal 2026 outlook for total sales growth of 2.5%–4.5% and comparable sales growth of flat to 2%, and projected GAAP earnings of $14.23–$14.80 per share. Shares rose 3.1% to $347.83 on Wednesday.

Why it matters

The earnings beat and steady outlook reinforce Home Depot’s resilience amid a modest retail environment, supporting its valuation and signaling continued demand for home improvement projects. Analysts adjusted price targets, reflecting a mix of cautious optimism and confidence in the company’s growth prospects.

Short-term and longer-term

Short-term. Short‑term traders should watch HD’s price action around the $350 level, as the recent 3.1% rally may set a new support.

Longer-term. Over the next few months, investors should focus on Home Depot’s 2026 sales growth outlook and new store openings, which could drive long‑term revenue expansion.