Investing.com -- Truist Securities raised its comparable sales estimates for Home Depot (NYSE:HD) and Lowe’s (NYSE:LOW) for the fourth quarter of calendar year 2024 on stronger-than-expected sales trends based on its proprietary card data.
The firm now expects Home Depot’s U.S. and enterprise comparable sales to rise 0.5%, up from its prior forecast of a 2.0% decline. Similarly, Lowe’s comp sales are now projected to decline by 1.0%, an improvement from the previous estimate of a 2.0% drop.
Investor expectations for both retailers suggest slightly positive comps for Home Depot and modest declines for Lowe’s, Truist noted.
Sales trends at Walmart (NYSE:WMT) and Advance Auto Parts (NYSE:AAP) appear to be in line or slightly ahead of estimates, the firm said. Meanwhile, Genuine Parts Co (NYSE:GPC) is expected to see 4% total sales growth in its auto segment, though industrial sales are forecast to decline by about 3%.
Truist also flagged potential tariff-related cost pressures, noting that price increases could be likely if companies seek to offset higher costs from trade policy changes.
Related Articles
Truist raises estimates for Home Depot, Lowe’s on stronger sales
Cleveland Fed chief advocates for steady interest rates amid inflation concerns
CVS Health's turnaround efforts in focus amid record-high medical costs
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。