Home improvement retailer Home Depot (HD) is scheduled to announce its results for the third quarter of Fiscal 2025 on Tuesday, November 18. HD stock has declined by more than 5% year-to-date due to weaker demand for big home projects. According to TipRanks’ Options Tool, options traders expect about a 4.1% move in either direction in HD stock in reaction to Q3 FY25 results. This implied move is higher than Home Depot stock’s average post-earnings move (in absolute terms) of 1.97% over the past four quarters.
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Wall Street expects Home Depot’s Q3 FY25 revenue to increase by 2.5% to $41.15 billion. Moreover, adjusted earnings per share (EPS) are expected to increase by 1.6% to $3.84.
Investors will be watching for updates on store traffic, big-ticket sales, and signs of improving demand for home renovation and repair projects.
AI Analyst Is Bullish on HD Stock Ahead of Q3 Print
Interestingly, TipRanks’ AI Analyst has assigned an Outperform rating to Home Depot stock with a price target of $436, indicating about 20.32% upside potential.
The AI analyst’s rating for HD reflects the company’s financial performance. Also, HD’s dividend yield provides support to the stock. However, technical signals point to weaker momentum, and the valuation looks stretched. Also, slower large-project demand and margin pressure remain key challenges.
Is Home Depot Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on HD stock based on 19 Buys and seven Holds assigned in the past three months, as indicated by the graphic below. The average HD price target of $440.42 per share implies 21.54% upside potential.
