--- title: "Home Depot Ticks Up On Earnings Beat, Analysts Stick With Bullish Calls" type: "News" locale: "en" url: "https://longbridge.com/en/news/286944610.md" description: "Home Depot's Q1 results exceeded estimates, with net sales up 4.8% to $41.8 billion and adjusted earnings at $3.43 per share. Analysts from Goldman Sachs and JPMorgan maintained bullish ratings, with price targets of $409 and Overweight, respectively. However, comparable sales growth of 0.6% fell short of expectations. Despite challenges, management reaffirmed full-year guidance, anticipating sales growth of 2.5% to 4.5%. Shares rose 0.28% to $300.61 following the report." datetime: "2026-05-19T16:10:05.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286944610.md) - [en](https://longbridge.com/en/news/286944610.md) - [zh-HK](https://longbridge.com/zh-HK/news/286944610.md) --- # Home Depot Ticks Up On Earnings Beat, Analysts Stick With Bullish Calls Shares of **Home Depot Inc (NYSE:HD)** edged higher in early trading on Tuesday, after the company reported its first-quarter (Q1) results on Monday. Here are the key analyst insights: - Goldman Sachs analyst Kate McShane reiterated a Buy rating and price target of $409. - JPMorgan analyst Christopher Horvers reiterated an Overweight rating on the stock. **Check out other analyst stock ratings**. **Goldman Sachs:** Home Depot's net sales grew 4.8% year-on-year to $41.8 billion, while adjusted earnings came in at $3.43 per share, with both figures topping consensus estimates of $41.5 billion and $3.41 per share, respectively, McShane said in a note. She added the quarter's misses: - Comparable sales grew 0.6% year-on-year but missed the consensus estimate of 0.8% - Average ticket rose 2.2% year-on-year, decelerating from the previous quarter's 2.4% - Transactions declined by 1.3% year-on-year - Operating margin contracted by 89 basis points (bps) year-on-year to 12.3% - Gross margin shrunk 77 bps to 33.0% The analyst mentioned that management reiterated their full-year guidance, including: - Sales growth between 2.5% and 4.5% - Comparable sales growth between flat to up 2% - Gross margin of around 33.1% - Adjusted earnings growth is between flat to 4.0% **JPMorgan:** Home Depot reported earnings of $3.43 per share, topping Street expectations of $3.41 per share, despite a tax headwind of 3 cents per share, Horvers said. U.S. comps of 0.4% missed the consensus of 0.5%, although forex added 55 basis points (bps) to total comps, he added. While the company believes weather was "a net headwind" in the quarter, its performance may improve in the second quarter, the analyst stated. He added that these results suggest that **Lowe’s Companies Inc** (NYSE:LOW), which is scheduled to report its quarterly results on Wednesday, would report a beat, with comps of 1.4% versus the Street’s 0.7% expectation. ## **Price Action** Shares of Home Depot had risen by 0.28% to $300.61 at the time of publication on Tuesday. **Read Also: Home Depot Warns Weak Housing Market Is Dragging Down Bigger Renovation Plans** _Image: Shutterstock_ ### Related Stocks - [HD.US](https://longbridge.com/en/quote/HD.US.md) - [NAIL.US](https://longbridge.com/en/quote/NAIL.US.md) - [ITB.US](https://longbridge.com/en/quote/ITB.US.md) - [XHB.US](https://longbridge.com/en/quote/XHB.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [LOW.US](https://longbridge.com/en/quote/LOW.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) ## Related News & Research - [Home Depot Q1 Preview: Wall Street Is Slashing Targets For A Stock Already At 3-Year Lows](https://longbridge.com/en/news/286807226.md) - [Home Depot (NYSE:HD) Issues Earnings Results, Beats Estimates By $0.01 EPS](https://longbridge.com/en/news/286905737.md) - [$100 Invested In Home Depot 20 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/286468674.md) - [Home Depot Was Once My Greatest Investment, But Now It's a Flaming Mess](https://longbridge.com/en/news/286951517.md) - [Home Depot (NYSE:HD) Updates FY 2026 Earnings Guidance](https://longbridge.com/en/news/286901420.md)