The Home Depot, the world’s largest home improvement retailer headquartered in Atlanta, Georgia, operates more than 2,300 stores across the U.S., Canada, and Mexico. The company, with a market capitalization of approximately $330.6 billion, sells building materials, tools, appliances, and home improvement products while providing installation services and maintaining an e-commerce platform serving both DIY and professional customers.
The retailer is scheduled to report its second-quarter earnings on August 18, 2026, before the market opens. Analysts project the company will post diluted earnings per share of $4.71, representing a modest increase from $4.68 reported in the comparable quarter of the previous year. The company has demonstrated mixed execution relative to consensus estimates, surpassing Wall Street’s EPS projections in two of the past four quarters while falling short in the other two.
Looking ahead, analysts forecast the company will deliver fiscal 2027 earnings per share of $15.01, reflecting a 2.2% increase from fiscal 2026’s $14.69. Further growth is anticipated, with projections calling for an 8% increase to $16.21 in fiscal 2028. Despite these favorable earnings outlooks, the stock has declined 10.7% over the preceding 52 weeks, significantly trailing the S&P 500 Index’s gain of 18.9% and the State Street Consumer Discretionary Select Sector SPDR ETF’s 1.1% advance over the same period.
On July 20, 2026, shares fell more than 1% as rising crude oil prices elevated the 10-year Treasury yield to 4.60%, intensifying inflation concerns and dampening housing demand expectations. A broader market decline in housing-related equities occurred amid Middle East tensions and elevated borrowing costs. Despite recent weakness, the analyst community maintains a constructive stance, assigning the stock a consensus “Moderate Buy” rating. Among 34 analysts covering the company, 20 recommend a “Strong Buy,” one rates it a “Moderate Buy,” 12 suggest a “Hold,” and one advocates a “Strong Sell.” The consensus price target of $369.34 suggests potential upside of 11.4% from prevailing levels.
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