Home Depot: Solid Q1 Earnings, But I'm Waiting For $270 To Buy
Home Depot reported solid Q1 earnings, exceeding expectations for revenue and EPS. However, the company remains cautious about its 2026 guidance due to ongoing macroeconomic challenges, including high interest rates. The stock has seen a significant decline, yet it continues to trade at a premium valuation.
- ▪Home Depot's Q1 revenue and EPS beat expectations.
- ▪The company projects conservative growth for 2026, with adjusted EPS growth up to 4%.
- ▪Despite a 30% decline in stock price, Home Depot trades at a premium valuation.
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