Home Depot is set to report its fiscal second-quarter earnings Tuesday before the market opens.
Customers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021.is preparing to report its fiscal second-quarter earnings Tuesday before the market opens.Earnings per share: $4.44 expectedA strong housing market, with increasing home prices and low mortgage rates, has aided home improvement chains Home Depot and.
Analysts say lumber price inflation peaked during Home Depot's most-recent quarter, which should boost sales, but could weigh on profit margins. The company faces tough comparisons with a year earlier, when its brick-and-mortar stores remained open during the pandemic, and many Americans invested in remodeling projects. Home Depot's revenue growth is expected to slow in 2021.
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