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Home Depot slips on earnings miss, guidance cut

Comparable sales and EPS figures both came in lower than expected on Tuesday morning.

J. Edward Moreno

Home Depot fell after it reported earnings that missed Wall Street expectations and slashed its full-year guidance.

The company reported Q3 adjusted earnings per share of $3.74, less than the $3.84 analysts polled by FactSet were penciling in. The company also said it now expects its full-year adjusted earnings to decline by 5% year over year, compared to its previous forecast of a 2% decline.

It reported $41.4 billion in sales, more than the $41.1 billion the Street was expecting. However, the home renovation giant said its comparable sales hit 0.2%, lower than the 1.3% analysts predicted.

Home Depot is down about 3.5% in premarket trading, as of 7:25 a.m. ET. With today’s early drop, the company, which is often cited as an economic bellwether, has fallen about 12% for the year.

While the company blamed a lack of natural disasters for its underwhelming showing in Q3, CEO Ted Decker also noted that lower interest rates have yet to spur a rebound in consumer demand.

$HD missed earnings and guided down. They attributed it primarily to the lack of hurricanes in Q3 but said consumer demand has yet to improve despite the decline in interest rates:

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— Conor Sen (@conorsen.bsky.social) November 18, 2025 at 6:13 AM

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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