The Home Depot, Inc. · HD · FY2025 Q1 · Calendar Q2 2025

Home Depot holds guidance as Pro growth offsets soft remodeling demand

The supplied analysis supports a balanced view: Pro ecosystem expansion, digital investment, and SRS-related growth opportunities provide potential support, but flat comparable sales, high rates, integration costs, and tariff exposure limit confidence in a stronger near-term trajectory.

Reported Before market openNYSEConsumer Cyclical $284.95B market cap
80quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $3.60
EPS surprise — Reported versus consensus
Reported revenue — Consensus $39.24B
Revenue surprise — Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -0.6% Event window
SPY move -0.3% Same window
Abnormal move -0.3% Stock minus SPY
Volume 2.2× Versus trailing sessions
Subsequent drift -8.0% Up to 20 sessions
HDSPY benchmark

Ask FN2 about HD FY2025 Q1

Transcript, numbers and history already loaded

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Transcript intelligence

What changed

Compared with the prior-quarter analysis, the company continued its Pro and SRS expansion while adding AI-enabled digital tools and an exclusive KILZ primer offering. The current analysis also highlights maintained guidance, essentially flat comparable sales, inventory growth linked partly to SRS, and ongoing tariff and integration risks.

Guidance delta

Maintained: the supplied analysis says FY2025 guidance was reaffirmed, with modest top-line growth and stable margins.

Key takeaways

  • The supplied analysis describes Q1 sales as ahead of expectations, while comparable sales were essentially flat and U.S. comps were modestly positive.
  • SRS expands Home Depot's Pro ecosystem and trade-credit opportunity, but integration and margin pressure remain important watchpoints.
  • Management is investing in digital tools, AI-enabled project guidance, exclusive products, and supply-chain diversification.

Management priorities

  • Expand the Pro trade-credit program and broader Pro services.
  • Roll out digital and AI tools, including Magic Apron, to improve customer conversion and project guidance.
  • Invest about 2.5% of sales in store upgrades and supply-chain enhancements while diversifying sourcing.

Follow HD with an agent that reads every filing, transcript, and price print. Free to start.

Try FN2 free

Earnings History

Estimate Beat Miss Match
HD REVENUE earnings history estimate and actual scatter chart 9 reported fiscal quarters and 2 future estimate-only quarters. Q4 '24 estimate $35B Q4 '24 actual $35B, beat Q1 '25 estimate $37B Q1 '25 actual $36B, miss Q2 '25 estimate $43B Q2 '25 actual $43B, beat Q2 '26 estimate $45B Q2 '26 actual $45B, miss Q3 '26 estimate $41B Q3 '26 actual $41B, beat Q4 '26 estimate $38B Q4 '26 actual $38B, beat Q1 '27 estimate $42B Q1 '27 actual $42B, beat Q2 '27 estimate $47B Q2 '27 actual $48B, beat Q3 '27 estimate $43B Q4 '27 estimate $39B
Show 1 more >

Analyst Consensus ?

ConsensusBuy61 ratings
Bullish3760.6%
Neutral2032.8%
Bearish46.6%

1 unmapped firm rating excluded from the percentages.

Analyst 52W Price Targets

$290.74Current
$210Low
$383.35Average
$497High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 9, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Bernstein Market Perform Market PerformMaintainSep 9, 2026
UBS Buy BuyMaintainAug 19, 2026
Truist Securities Buy BuyMaintainAug 19, 2026
RBC Capital Sector Perform Sector PerformMaintainAug 19, 2026
Mizuho Outperform OutperformMaintainAug 19, 2026
Show 57 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $290.74. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Melius ResearchMichael Rehaut$397$285.36 +36.5%Oct 6, 2026
BernsteinZhihan Ma$354$347.67 +21.8%Aug 19, 2026
RBC CapitalSteven Shemesh$342$347.75 +17.6%Aug 19, 2026
UBSAnalyst unavailable$420$348.09 +44.5%Aug 19, 2026
Truist FinancialAnalyst unavailable$373$337.49 +28.3%Aug 19, 2026
See 138 more

Track every rating change on HD the moment it posts. Free to start.

Start free

Company context

Snapshot as of publication

The Home Depot, Inc. operates as a prominent retailer specializing in home renovation and improvement. Through its expansive network of "The Home Depot" stores, it furnishes consumers with an extensive array of goods, including building materials, home enhancement products, lawn and garden supplies, decorative items, and facilities maintenance, repair, and operational (MRO) supplies. In addition to selling products, the company extends professional installation services for key home features like flooring, cabinetry (including makeovers), countertops, furnaces and central air conditioning systems, and window replacements. Customers can also access tool and equipment rental options.…

Historical context

All HD earnings

Consumer Cyclical peers this season

Latest reports in the same sector

Latest beats and misses

Who reports next

Get the HD recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-05-06T00:03:57.484134+00:00
  3. Polygon adjusted daily market bars · 2026-10-09T18:20:47.489613+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-09T18:20:47.486896+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-09. For educational purposes only; not investment advice.