The Home Depot, Inc. (HD) earnings on May 19, 2026
More The Home Depot, Inc. earnings
Prior outlook: Pessimistic Outcome: Partial
The stock price initially fell after earnings but recovered to end the day slightly higher. This suggests investor confidence returned.
HD price around the earnings
302.38
Change: +0.9%
2026-05-20, 00:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Partial
- Thesis published
Mixed contexts: high upside, weak past
Analysts see a potential 32% price increase, but the company has missed earnings expectations in 3 of the last 4 quarters and faces a weak housing market. The stock has also been downgraded by one major firm, creating a mixed outlook.
Context analyzed before publication
- Summary
- Analysts cautious — risk outweighs reward.
- Reasoning
- Analysts are concerned about Home Depot's recent performance, with a notable downgrade and a lower price target from Stifel. The company's earnings have also shown a weak track record of beating expectations, adding to the cautious outlook.
- Playbook
- Given the negative sentiment and technical breakdown risk, the scenario calls for clearer signs of stabilization before a more constructive reading.
- Trend
- Negative trend; expectations lowered into earnings.
Analysts
Drivers
-
Analysts
Negative
Stifel downgraded the stock and lowered its price target significantly below the consensus. This disagreement among analysts suggests waning confidence before the upcoming event.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.89
- Analysts covering the stock
- 33
- Average price target
- 400.03
- Lowest price target
- 330
- Highest price target
- 454
- Upside to price target
- 34.1%
- Quarterly earnings growth
- -14.2%
- Revenue growth
- -3.8%
- Forward EPS
- 16.3
- Trailing EPS
- 14.22
- Analyst moves in the last 60 days
- 9
- Strong buy: 4
- Buy: 18
- Hold: 14
- Sell: 0
- Strong sell: 0
- Strong buy
- 4
- Buy
- 18
- Hold
- 14
- Sell
- 0
- Strong sell
- 0
- May 18, 2026 · Stifel: Maintains rating (Hold → Hold)
- May 18, 2026 · Oppenheimer: Maintains rating (Perform → Perform)
- May 15, 2026 · Piper Sandler: Maintains rating (Overweight → Overweight)
- May 14, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- May 14, 2026 · Bernstein: Maintains rating (Market Perform → Market Perform)
- May 13, 2026 · Truist Securities: Maintains rating (Buy → Buy)
- May 12, 2026 · Citigroup: Maintains rating (Buy → Buy)
- March 25, 2026 · Telsey Advisory Group: Maintains rating (Outperform → Outperform)
- March 24, 2026 · BNP Paribas: Maintains rating (Neutral → Neutral)
News and sentiment
Drivers
-
News & sentiment
Negative
Broader market concerns, including a bond sell-off and rotation into other stocks, create headwinds. The company is being grouped with higher-risk technology names.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (7)
- Stifel Maintains Hold on Home Depot, Lowers Price Target to $320 — Benzinga
- Semi And Options Mania Collide With Bond Rout Ahead Of Earnings From Nvidia, Home Depot, Walmart — Benzinga
- Oppenheimer Maintains Perform on Home Depot, Lowers Price Target to $310 — Benzinga
- Home Depot Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts — Benzinga
- Piper Sandler Maintains Overweight on Home Depot, Lowers Price Target to $421 — Benzinga
- $100 Invested In Home Depot 20 Years Ago Would Be Worth This Much Today — Benzinga
- Home Depot Stock Is Climbing Today: What's Happening? — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock has experienced a significant price drop recently. It is approaching a key support level, increasing the risk of a further decline before the next earnings announcement.
Evidence
- Average true range (ATR)
- 2.2%
- Distance to 52-week high
- -30.1%
- 14-day change (14d)
- -9.4%
- 30-day change (30d)
- -8.7%
- 30-day relative strength
- -8.7%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 296.92
- Nearest resistance
- 305.97
- Volume accumulation ratio (14d / 46d)
- 1.78
Trends
Evidence
- Average earnings surprise
- +1.1%
- February 24, 2026: actual EPS 2.72 vs estimate 2.52 (surprise +7.8%)
- November 18, 2025: actual EPS 3.74 vs estimate 3.83 (surprise -2.5%)
- August 19, 2025: actual EPS 4.68 vs estimate 4.69 (surprise -0.3%)
- May 20, 2025: actual EPS 3.56 vs estimate 3.59 (surprise -0.8%)
Expected move
Drivers
-
Past earnings
Negative
The company has only beaten earnings expectations in one out of the last four quarters. The average surprise has been very small, indicating a weak history of exceeding forecasts.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 2.1%
- 75th percentile move
- 4.9%
- 90th percentile move
- 6.2%
- Up / down moves
- 11 / 8
- Average up move
- +2.6%
- Average down move
- -3.8%
Monitoring and close
What The Home Depot, Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Partial
- Consolidated
- +0.9%
- Max favorable move (MFE)
- 3.6%
- Max adverse move (MAE)
- 2%