Here is what to anticipate [Video]
Residence Depot (HD) is anticipated to report its fiscal first quarter 2023 earnings outcomes Tuesday earlier than market open as shopper spending on dwelling enchancment softens in comparison with the pandemic increase.
Analysts expect a decline year-over-year in income for the house enchancment large in addition to a decline in earnings and same-store gross sales. Analysts are additionally keeping track of the influence of unfavorable climate in March and April, along with the pullback of shopper spending March, in addition to a “softer housing market backdrop,” per Credit score Suisse.
Here is what Wall Road expects from Residence Depot, per