Analysts expect Home Depot to post a year-over-year decline in first-quarter earnings amid a slowdown in profits.
Home Depot is set to report first-quarter earnings on May 19 before the market opens, with analysts forecasting a 4.2% year-over-year drop in EPS to $3.41. The decline reflects a broader slowdown in profitability for the home improvement retailer.
Revenue expectations remain under review, though the focus remains on the earnings contraction. The consensus estimate follows a period of robust growth, signaling potential headwinds in consumer demand or operational costs.
Market reaction will hinge on whether the results align with or miss the $3.41 EPS projection.