Shoppers arrive at a Home Depot Inc. store in Louisville, Kentucky, U.S., on Monday, Feb. 25, 2019.

Luke Sharrett | Bloomberg | Getty Images

Home Depot is set to report earnings before the market open on Tuesday.

Here’s what analysts are expecting, based on Refinitiv data:

  • Earnings per share, adjusted: $3.08
  • Revenue: $31.03 billion
  • Same-store sales: up 3.5%

Home Depot struggled earlier this year with a wet start to the year keeping more home improvement shoppers cooped up inside and putting a damper on sales. Analysts have meanwhile been concerned that Home Depot, along with rival Lowe’s, will lose momentum in what looks to be a rockier housing environment.

“Existing home sales remain choppy; home price appreciation is slowing; and home remodel/repair activity is expected to step down further as we get into the back half of 2019 and into 2020,” Gordon Haskett analyst Chuck Grom said in a note to clients ahead of Tuesday’s report, when he lowered his same-store sales estimates for the Atlanta-based chain. That’s coupled with a “choppy” geopolitical backdrop, Grom said, which continues to weigh on retail stocks more broadly.

Home Depot CFO Carol Tomé is also set to retire at the end of this month, after serving 18 years in the role. She will be succeeded by Richard McPhail, the current senior vice president of finance control and administration.

Home Depot shares, which are valued at $228.8 billion, are up more than 21% this year. Lowe’s shares, valued at $74.5 billion, are up about 3%.

This is a developing story. Please check back for updates.

Products You May Like

Articles You May Like

Self-employed? Here’s why your retirement savings are falling short
Three J.P. Morgan precious metals traders charged as criminal probe continues
‘Game of Thrones’ prequel series about the Targaryen family in development at HBO, reports say
‘Stop the WeWork deal’ — Cramer says the embattled IPO could wreck the stock market rally
A Warren Buffett protege is leaving to start her own Berkshire

Leave a Reply

Your email address will not be published. Required fields are marked *