Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Home Depot share price up 1% after Q1 results revenue beat

The home improvement chain's stock rises after better-than-expected Q1 revenue.

Home Depot share price increased 1% after the home improvement store chain reported better-than-expected Q1 revenue.

Home Depot earnings: key figures

Earnings per share $2.27
Revenue $26.381 billion
Same-store sales +2.5%

Home Depot's Q1 results revenue surpasses estimates

Home Depot’s Q1 earnings per share were $2.27, more than the $2.18 predicted by financial experts. Home Depot’s Q1 revenue was $26.381 billion, slightly above the projected $26.378 billion.

While Home Depot’s Q1 earnings and revenue beat expectations, the chain’s same-store sales only grew by 2.5%. Financial analysts predicted growth of 4.2%. The stagnant sales were likely caused by excess rain in February causing a decrease in lumber sales, according to Neil Saunders, managing director of research firm GlobalData Retail.

‘While the economy generally played ball, the weather did not and a very wet start to the year across many parts of the country meant that spending on items for outdoor projects was down considerably,' said Saunders.

Chief executive officer (CEO), Craig Menear, spoke about Home Depot’s Q1 profits in a statement.

‘We were pleased with the underlying performance of the core business despite unfavourable weather in February and significant deflation in lumber prices compared to a year ago,’ said Menear.

What is Home Depot’s guidance for Q2 earnings?

Home Depot’s Q2 earnings guidance is positive despite being caught in the US-China trade dispute. The retailer expects the US tariffs on Chinese goods to have a $1 billion effect on the company’s profits.

For fiscal year 2019, Home Depot predicts earnings per share to surge to $10.03. Home Depot’s revenue is expected to grow by 3.3% and same-store sales are expected to increase by 5%.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Act on share opportunities today

Go long or short on thousands of international stocks with spread bets and CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Take your position
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take advantage while conditions prevail.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.