A Home Depot store in Louisville, Kentucky, on Aug. 14, 2023.
Jon Cherry | Bloomberg | Getty Images
Home Depot will report its fiscal fourth-quarter earnings on Tuesday, as higher interest rates and home prices challenge the housing market and dampen demand for do-it-yourself projects.
The company is expected to release results around 6 a.m. ET and hold an earnings call at 9 a.m. ET.
Here’s what Wall Street expects for the home improvement retailer, according to a survey of analysts by LSEG:
- Earnings per share: $3.01 expected
- Revenue: $39.16 billion expected
Home Depot has faced a more difficult backdrop for selling supplies for home improvement projects. Sales growth slowed in 2023, after consumers’ huge appetite for home renovations during the Covid-19 pandemic returned to more typical patterns. Inflation and a shift back to spending on services such as vacations and restaurants also dinged consumer demand for larger projects and pricier…
