Home Depot (HD) shares rose in premarket trading Tuesday after the home-improvement retailer's first-quarter sales came in better than analysts had expected.
The company's CEO said customers continued to spend on smaller home-improvement projects.
Home Depot will report quarterly earnings on Tuesday. The home improvement retailer is in its peak spring sales season, but must contend with high interest rates, a sluggish housing market and tariff-related cost pressures.
Home Depot (HD) and rival Lowe's (LOW) are scheduled to report quarterly financial results on Tuesday and Wednesday, respectively, with analysts largely bullish on both home improvement retailers' stocks.
Analysts expect a muted report from the home improvement giant, reflecting softer demand and fewer store visits amid a sluggish housing market.
One of Home Depot's critical sales metrics is expected to slow when it reports earnings. That's according to a report Monday (May 19) from Bloomberg News, citing a survey of analysts who say the home improvement retailer's comparable sales are projected to soften.
Several large retailers highlight this week's slate of scheduled earnings reports. Investors will also be reviewing housing market data for April and paying attention to a lineup of Federal Reserve officials speaking after a week when the major U.S. indexes logged gains.
Home Depot (HD) and rival Lowe's (LOW) are scheduled to report quarterly financial results on Tuesday and Wednesday, respectively, with analysts largely bullish on both home improvement retailers' stocks.
Note: Home Depot FY'24 concluded on February 2, 2025.
Evaluate the expected performance of Home Depot (HD) for the quarter ended April 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
HD's Q1 results are expected to reflect gains from SRS Distribution gains, Pro strength and broad-based sales growth but softer demand for big-ticket items can weigh on results.
Home Depot (HD) closed at $373.60 in the latest trading session, marking a -0.79% move from the prior day.