Home DepotExpected to release its fiscal third quarter earnings prior to the bell Tuesday

Refinitiv’s survey of analysts revealed these expectations:

• Earnings per share: $3.40 expected
• Predicted revenue: $35.01 trillion

Home improvement retailers reported record sales last year, as more people took on DIY projects. Wall Street expects more modest results for this quarter and predicts that home project boom is slowing. StreetAccount forecasts that analysts expect a 2.2% increase in sales at the same store.

Home Depot has been able to compete in a tough housing market. Lowe’s. The demand for home-based professionals has increased, which offsets the lower do-it yourself projects.

Home Depot was faced with many challenges during its quarter. Investors will closely monitor the situation to determine if Home Depot can continue its profits despite these difficulties.

Home Depot doesn’t have a full-year forecast, but Wall Street expects earnings per share to grow by 22.6% and revenue to increase by 11%.

The company’s shares have increased 38% in the past year to $388 billion, which gives it a market capitalization of $388 billion.