The Home Depot, Inc. is a major home improvement chain with a market capitalization of $335.03 billion, operating in the U.S., Canada, and Mexico. Due to softer market expectations, its stock has dropped 14.1% over three months, underperforming compared to Lowe’s Companies, Inc.

On Nov. 18, Home Depot reported third-quarter results with revenue increasing by 2.8% year-over-year to $41.35 billion, slightly higher than analyst expectations. However, adjusted EPS declined 1.1% annually to $3.74, leading to a 6% drop in stock price. The company faces challenges from lack of storms and consumer uncertainty.

Home Depot’s stock has been underperforming over the past year, declining by 18.1%, trading below its moving averages since October. The company expects ongoing pressure from a lack of storm activity and housing market uncertainties. In comparison, the Nasdaq Composite index has shown gains.

Read more at Yahoo Finance: Is Home Depot Stock Underperforming the Nasdaq?