Home Depot And Lowe's Q2 Earnings Preview: Foot Traffic Data Shows Resilience
Portfolio Pulse from AJ Fabino
Home Depot Inc (NYSE:HD) and Lowe’s Companies Inc (NYSE:LOW) are set to release their Q2 earnings. Analysts expect Home Depot to report earnings of $4.44 per share on revenues of $42.25 billion, and Lowe's to post earnings of $4.49 per share on revenues of $25.01 billion. Despite a quieter housing market, foot traffic data suggests both companies maintain their popularity. Both are also focusing on catering to professional contractors. Home Depot revised its 2023 guidance due to uncertainty regarding consumer demand, expecting a decrease in revenue and earnings per share. Lowe’s also expects a decrease in full year 2023 sales and earnings.

August 14, 2023 | 9:20 pm
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NEGATIVE IMPACT
Home Depot is set to release Q2 earnings with an expected decrease in revenue and earnings per share for 2023.
The expected decrease in revenue and earnings per share for 2023 could negatively impact Home Depot's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Lowe’s is set to post Q2 earnings with an expected decrease in full year 2023 sales and earnings.
The expected decrease in full year 2023 sales and earnings could negatively impact Lowe’s stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100