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
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。