The Home Depot logo is displayed on a sign outside of a store on Sept. 6, 2025 in San Diego, California.
Kevin Carter | Getty Images
Home Depot will report earnings before the bell on Tuesday as the retailer tries to attract more business from contractors, roofers and other professionals to help offset a slower housing market.
The company expects its full-year sales to grow by 2.8% and comparable sales, which take out the impact of one-time factors like store openings and calendar differences, to rise about 1%.
Here’s what Wall Street is expecting for the company’s fiscal third quarter, according to a survey of analysts by LSEG:
Earnings per share: $3.84 expectedRevenue: $41.11 billion expected
For Home Depot, housing turnover typically sparks larger and more lucrative projects as customers fix up their homes before or after moving. Those big projects, however, have dropped in frequency as higher interest rates have led to steeper mortgage rates and borrowing costs for loans, which a homeowner may use to pay for a kitchen remodel or major addition.
Since roughly the middle of 2023, Home Depot CFO Richard McPhail has told CNBC that homeowners have been in a “deferral mindset.” That’s led to a bit of a waiting game for Home Depot, as it holds out for either lower mortgage rates or a shift by consumers who get used to higher mortgage rates as the new normal.
In the meantime, Home Depot’s do-it-yourself customers have taken on smaller projects and the company has gotten a business bump from a growing home professional business.
Home Depot has made two key purchases of pro-related companies. Last year, it bought Texas-based SRS Distribution for $18.25 billion — the largest acquisition in its history. The company sells supplies to professionals in the landscaping, pool and roofing businesses.
Earlier this year, Home Depot announced it is buying GMS, a building products distributor, for about $4.3 billion. The deal expected to close in early 2026.
As of Monday’s close, Home Depot’s shares are down about 8% so far this year. That trails the S&P 500’s 13% gains during the same period.
