Clients carrying protecting masks wait to take a look at at a Dwelling Depot retailer in Pleasanton, California, U.S., on Monday, Feb. 22, 2021.
David Paul Morris | Bloomberg | Getty Pictures
Dwelling Depot is getting ready to report its fiscal second-quarter earnings Tuesday earlier than the market opens.
This is what Wall Avenue is anticipating, in keeping with a survey of analysts by Refinitiv:
- Earnings per share: $4.44 anticipated
- Income: $40.79 billion anticipated
A powerful housing market, with growing dwelling costs and low mortgage charges, has aided dwelling enchancment chains Dwelling Depot and Lowe’s. However analysts are watching to see how lengthy this pattern continues, with the delta variant forming the most recent headwind for retail companies. Unease concerning the rising variety of Covid-19 instances may curtail client spending.
Analysts say lumber worth inflation peaked throughout Dwelling Depot’s most-recent quarter, which ought to increase gross sales, however may weigh on revenue margins.
The corporate faces robust comparisons with a 12 months earlier, when its brick-and-mortar shops remained open through the pandemic, and lots of People invested in reworking initiatives. Dwelling Depot’s income progress is anticipated to sluggish in 2021.
The corporate hasn’t launched an outlook but for the fiscal 12 months.
Dwelling Depot and Lowe’s are vying for the enterprise of dwelling professionals, equivalent to electricians — who usually place orders in bulk — within the coming quarters. Dwelling Depot lately added to its professional enterprise with the acquisition of HD Provide, a big distributor of home equipment, plumbing and electrical tools.
Dwelling Depot shares are up about 26% 12 months so far.
This story is growing. Please examine again for updates.
