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Home Depot Earnings Preview: What Investors Need to Know

Home Depot (NYSE: HD) steps into the earnings spotlight on Tuesday, May 19, releasing its first-quarter fiscal 2026 results before the market open against a backdrop of a depressed share price and persistent housing market headwinds.

Wall Street expects the Atlanta-based retailer to post earnings per share of $3.41, a 4.2% decline from the $3.56 recorded a year ago, according to Yahoo Finance analyst consensus across 30 analysts.

Analysts expect revenue to grow 4.2% year over year to $41.54 billion — sitting at the upper end of the company’s full-year guidance range.

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When Home Depot issued its fiscal 2026 outlook in February, it guided for total sales growth of 2.5% to 4.5% and comparable sales of flat to +2.0%.

On the bottom line, the company projected adjusted diluted EPS growth of flat to 4.0% from a fiscal 2025 base of $14.69, implying a full-year range of roughly $14.69 to $15.28.

The Yahoo Finance full-year consensus of $15.05 sits comfortably in the middle of that band. Management also guided for a full-year gross margin of approximately 33.1% and an adjusted operating margin of 12.8% to 13.0%.

Comparable-store sales and any update to full-year guidance will be the key market-moving variables.

HD shares have tumbled from their 52-week high of over $426, hovering above $304 — close to their 52-week low of $299.27.

With the average analyst price target at $404.1 and 21 Strong Buy ratings against just one Sell, bulls see deep value following the decline.

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The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.