It was a good week for Home Depot, Inc. (NYSE:HD) shareholders as the company just released its latest quarterly results and shares rose 3.9% to $356. The results came in roughly in line with estimates, with revenue of $43 billion and statutory earnings per share at $4.60. This is an important time for investors as they can track a company’s performance in its report, look at what experts are forecasting for next year, and see if expectations for the company have changed. We thought readers would find it interesting to see the latest analyst (statutory) forecasts for next year following the earnings release.

Check out our latest analysis for Home Depot

Following the latest results, the 36 analysts covering Home Depot are now forecasting revenues of $156.9 billion in 2025. If this forecast is met, it would be a reasonable 3.2% increase in sales compared to the last 12 months. Statutory earnings per share are expected to be $14.91, roughly in line with the last 12 months. Prior to this report, analysts had been modeling revenues of $155.2 billion and earnings per share (EPS) of $15.20 in 2025. The consensus analysts don’t seem to have seen anything in these results that would have changed their view of the business, as there were no material changes to their estimates.

It will therefore come as no surprise that the consensus price target remains largely unchanged at $380. However, that is not the only conclusion we can draw from this data, as some investors also like to consider the range of estimates when evaluating analysts’ price targets. The most optimistic Home Depot analyst has a price target of $425 per share, while the most pessimistic puts it at $270. As you can see, analysts do not all agree on the stock’s future, but the range of estimates is still relatively narrow, which could suggest that the outcome is not entirely unpredictable.

One way to put these forecasts into a broader context is to look at them in comparison to past performance and how other companies in the same industry have performed. From the latest estimates, we can conclude that the forecasts expect Home Depot’s historical trends to continue, as the 6.4% annual revenue growth through the end of 2025 is roughly in line with the 7.3% annual growth over the past five years. In contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue by 4.8% per year. So, while Home Depot is expected to maintain its revenue growth rate, it is definitely expected to grow faster than the industry as a whole.

The conclusion

Most importantly, there were no major changes in sentiment. Analysts confirmed that the company is performing in line with their previous earnings per share estimates. Fortunately, there were no major changes in revenue forecasts, and the company is still expected to grow faster than the wider industry. The consensus price target remained stable at $380, with recent estimates not enough to have an impact on price targets.

However, the long-term development of the company’s earnings is much more important than the next year. We have forecasts for Home Depot up to 2027, which you can view for free on our platform here.

Before you take the next step, you should know about the 2 warning signs for Home Depot that we uncovered.

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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.