Motley Fool: Can Home Depot Stock Keep Building After the Q4 Earnings Report?
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- Home Depot beat sales and earnings estimates in both Q4 and fiscal 2021.
- The company offered vague, modest guidance for fiscal 2022.
- A 15% dividend increase reaffirms the strength of the payout.
Home Depot (NYSE:HD) stock fell slightly in morning trading on Tuesday as the company released its fourth-quarter and fiscal 2021 earnings. The Atlanta-based home-improvement retailer beat revenue and earnings estimates, but management's vague sales guidance for 2022 appeared to disappoint investors.
These slowing sales could lead to questions about Home Depot. As the state of the business could more closely resemble pre-pandemic conditions, investors may wonder what to do regarding this retail stock.