Home Depot (NYSE:HD) will release earnings results this Tuesday before the bell. Last quarter, the company beat revenue expectations by 1.6%, reporting $39.86 billion, up 9.4% year on year. Analysts anticipate a 4.9% revenue growth to $45.27 billion this quarter, with adjusted earnings of $4.69 per share. Peers like Floor And Decor saw revenue grow 7.1% and Arhaus reported a 15.7% increase, both meeting or exceeding estimates. Positive sentiment in the home furnishing and improvement retail sector has driven share prices up 5.8% on average in the last month. Home Depot is up 9.5% with an average analyst price target of $423.91.
Read more at Barchart: Home Depot (HD) Reports Q2 Results Tomorrow
