Here's what Home Depot needs to get its mojo back: Analyst
02/21/2024 00:11
Home Depot (HD) reported fourth-quarter earnings that beat analyst estimates. The home improvement retailer saw same-store sales fall 3.5% year-over-year. Brian Nagel, Managing Director and Senior Analyst at Oppenheimer, joins Yahoo Finance Live to discuss the overall state the housing market and its connection to the home improvement retail sector. Nigel sees Home Depot’s recent earnings report as “very blasé,” noting the company is still dealing with “a post-pandemic type dynamic.” Nagel says the company is "extraordinarily well-managed" and is still "solidly profitable," but he says there are two things that can help the retailer get its momentum back. Watch the video above to find out what they are. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim
Home Depot (HD) reported fourth-quarter earnings that beat analyst estimates. The home improvement retailer saw same-store sales fall 3.5% year-over-year.
Brian Nagel, Managing Director and Senior Analyst at Oppenheimer, joins Yahoo Finance Live to discuss the overall state the housing market and its connection to the home improvement retail sector. Nigel sees Home Depot’s recent earnings report as “very blasé,” noting the company is still dealing with “a post-pandemic type dynamic.”
Nagel says the company is "extraordinarily well-managed" and is still "solidly profitable," but he says there are two things that can help the retailer get its momentum back. Watch the video above to find out what they are.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Eyek Ntekim