Home Depot First Quarter 2022 Results (HD)

A Home Depot store in Livermore, California, U.S., Thursday, May 12, 2022. Home Depot Inc. is expected to release earnings numbers May 17. Photographer :

David Paul Morris | Bloomberg | Getty Images

Home Depot is expected to release its first quarter results before the bell 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 with Ted Decker leading the company. Decker, a longtime Home Depot veteran, previously served as chief operating officer and inherits the top job at a tough time for home improvement.

Inflation continues to climb, which may cause consumers to postpone renovation projects. Rising interest rates could lead to a slowdown in the booming housing market and delays in expensive home improvement projects. And many consumers spent the early days of the pandemic painting their walls, buying new patio furniture and taking care of 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 on their homes. For 2022, the company expects earnings per share growth in the low single digits and “slightly positive” sales growth.

Shares of the company have fallen 7% over the past year, knocking its market value to $306 billion.

cnbc Business

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button