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What You Need To Know Ahead of Home Depot's Earnings Report Tuesday

Analyst Estimates for Q1 2024Q4 2023Q1 2023Revenue36.65billion36.65 billion34.79 billion37.26billionDilutedEPS37.26 billionDiluted EPS3.582.822.823.82Net Income3.54billion3.54 billion2.8 billion3.87billionKeyMetric:BigTicketSalesHomeDepothassaidmultipletimesoverthelastyearthatinflationnegativelyimpactedsalesofbigticketitems,whichHomeDepotclassifiesastransactionsgreaterthan3.87 billion Key Metric: Big-Ticket Sales Home Depot has said multiple times over the last year that inflation negatively impacted sales of big-ticket items, which Home Depot classifies as transactions greater than 1,000, as consumers became less likely to take on significant home improvement projects, weighing on Home Depot's sales. The retailer has a ...