Erste Group Bank Lifts Earnings Estimates for Home Depot

Erste Group Bank analyst S. Lingnau raises FY2028 EPS forecast for home improvement retailer

Apr. 8, 2026 at 12:37pm

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Erste Group Bank has increased its fiscal year 2028 earnings per share (EPS) estimates for Home Depot Inc. (NYSE: HD). Analyst S. Lingnau now expects the home improvement retailer to earn $16.32 per share in FY2028, up from the previous estimate of $16.30. The current consensus estimate for Home Depot's full-year 2026 EPS is $15.13.

Why it matters

This upward revision to Home Depot's long-term earnings outlook by a major European bank signals continued confidence in the company's growth potential, despite recent market volatility. As one of the largest home improvement retailers, Home Depot's performance is seen as a bellwether for the broader housing and consumer sectors.

The details

In a research note issued on Thursday, April 2nd, Erste Group Bank analyst S. Lingnau increased the firm's fiscal year 2028 earnings per share estimate for Home Depot. The new forecast of $16.32 per share is slightly higher than the previous estimate of $16.30. This comes after Home Depot reported Q4 2025 results in February that beat consensus EPS expectations by $0.20.

  • Erste Group Bank issued the updated earnings estimates on Thursday, April 2nd, 2026.
  • Home Depot reported its Q4 2025 financial results on Tuesday, February 24th, 2026.

The players

Erste Group Bank

A major European banking group headquartered in Austria.

S. Lingnau

An analyst at Erste Group Bank who covers Home Depot.

Home Depot, Inc.

A leading home improvement retailer based in Atlanta, Georgia.

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What they’re saying

“Erste Group Bank upped their FY2028 earnings per share estimates for shares of Home Depot in a research note issued to investors on Thursday, April 2nd.”

— S. Lingnau, Analyst

What’s next

Investors will be closely watching Home Depot's upcoming quarterly results and guidance to see if the company is on track to meet Erste Group Bank's raised long-term earnings projections.

The takeaway

This earnings estimate increase from a major European bank underscores the continued strength and growth potential of Home Depot, one of the largest and most influential home improvement retailers. It signals that despite recent market volatility, the company's long-term fundamentals remain robust.