Profit Home Depot (HD) for 1 sq.m. 2022

Home Depot Store in Livermore, California, USA Thursday, May 12, 2022 Home Depot Inc. is due to release earnings data on May 17. Photographer:

David Paul Morris | Bloomberg | Getty Images

Home Depot will report first-quarter earnings ahead of the call on Tuesday.

Here’s what Wall Street analysts polled by Refinitiv expect:

  • Earnings per share: $3.68 expected
  • Revenue: $36.72 billion expected

This is the first quarterly report led by Ted Decker. Decker, a longtime veteran of Home Depot, previously served as chief operating officer and inherited the top position during difficult times for home improvement.

Inflation continues to rise, which could cause consumers to delay repairs. Higher interest rates could slow housing demand growth and delay expensive home improvement plans. And many consumers spent the early days of the pandemic painting walls, buying new garden furniture and doing other DIY projects that won’t need to be repeated for at least a few years.

But Home Depot said consumers are still willing to spend money on their homes. For 2022, the company forecasts low-single-digit earnings-per-share growth and “slightly positive” sales growth.

The company’s shares have fallen 7% over the past year, dropping its market value to $306 billion.

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