Home Depot's upcoming Q4 earnings report is expected to show a decline in sales, reflecting the ongoing slowdown in the housing market.
Analysts anticipate a 3.9% year-over-year revenue decrease, a reversal from previous growth. This downturn is attributed to high interest rates and elevated home prices, which are deterring home sales and subsequent renovation activity.
Despite some hopes for a rebound, industry headwinds are projected to persist into 2026. While store visits showed some short-term momentum, the overall outlook remains cautious, with several analysts adjusting price targets downwards.
The company's CFO indicated that a significant catalyst for housing activity has not yet emerged.
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