Home Depot is set to report second-quarter fiscal 2026 results on Aug. 18 before market open, with the Zacks Consensus Estimate pegging revenues at $47.5 billion, up 4.9% year over year, and EPS at $4.71, up 0.6%. The company has an Earnings ESP of +1.35% and a Zacks Rank #3, which the model says conclusively predicts an earnings beat. Key drivers include spring demand, Pro momentum, digital sales growth of more than 10%, and contributions from the GMS acquisition and SRS expansion, while elevated mortgage rates and weak housing turnover remain headwinds. Zacks expects gross margin of 32.8%, down 60 basis points year over year, and adjusted operating income to decline 0.2%. Home Depot shares have gained 14.9% in the past three months, outperforming the industry's 12.2% growth, and trade at a forward P/E of 21.83X versus the industry average of 19.9X.
The Home Depot IncZacks model predicts earnings beat with positive ESP and revenue growth.
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