What to Expect When Home Depot and Lowe’s Report This Week

By Chris Lange Updated Jan 30, 5:15PM EST · Published Aug 19, 10:45AM EDT

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What to Expect When Home Depot and Lowe’s Report This Week — © Thinkstock

The big home improvement retailers are set to battle it out this week when they report earnings on Tuesday and Wednesday. Home Depot Inc. (NYSE: HD | HD Price Prediction) may be having a better year than Lowe’s Companies Inc. (NYSE: LOW), but that’s not to say that Lowe’s can’t do some catching up.

Here is a 24/7 Wall St. quick preview of the earnings that are set to be reported later this week, including some color and what a few analysts are saying about each company.

Home Depot is scheduled to release its fiscal second-quarter financial results before the markets open on Tuesday. The consensus estimates call for $3.08 in earnings per share (EPS) and $31.03 billion in revenue. The same period of last year had $3.05 in EPS and $30.46 billion in revenue.

Excluding Monday’s move, Home Depot had outperformed the broad markets, with its stock up about 18.5% year to date. However, in the past 52 weeks, the stock was up only 5%.

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A few analysts weighed in on Home Depot ahead of the report:

Wells Fargo has an Outperform rating and a $230 price target.
Stifel’s Buy rating comes with a $230 target price.
Loop Capital has a Hold rating and a $195 target.
Gabelli has a Hold rating.
Goldman Sachs rates it at Buy with a $235 price target.

Shares of Home Depot traded up about 1% Monday to $206.34, in a 52-week range of $158.09 to $219.30. The consensus price target is $211.03.

Lowe’s is expected to share its quarterly results on Wednesday. The analysts’ consensus forecast is EPS of $2.00 on revenue of $20.96 billion. In the same period of last year, it posted $2.07 in EPS and $20.89 billion in revenue.

Excluding Monday’s move, Lowe’s had underperformed the broad markets, with its stock up nearly 2% year to date. In the past 52 weeks, the stock was actually down 3%.

Here’s what analysts had to say about Lowe’s ahead of the report:

Goldman Sachs has a Buy rating with a $119 price target.
Barclays has an Equal Weight rating and a $105 price target.
CFRA’s Hold rating comes with a $105 target price.
Merrill Lynch has a Buy rating and a $105 price target.

Lowe’s was trading up nearly 2% at $95.60 a share, in a 52-week range of $84.75 to $118.23. The consensus price target is $113.97.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.