Home DepotThe bell will ring Tuesday for the first quarter earnings.

Refinitiv has surveyed Wall Street analysts to see what they expect:

• Earnings per share: $3.68 expected
• Expected Revenues: $36.72 Billion

This is Ted Decker’s first quarterly report. Decker is a veteran of Home Depot and will take over as chief operating officer during a difficult time in home improvement.

Rising inflation could cause consumers to delay renovations. The rising interest rate could cause a decrease in hot housing markets and delay expensive home renovation plans. Many consumers used the first days of the pandemic to paint their walls and buy new furniture for their patios. These DIY projects won’t be needed again until a while later.

Home Depot says that people are still ready to spend money on their homes. Home Depot projects 2022 earnings per share increases in the single digits, and slight sales growth.

The company’s shares have dropped 7% in the past year, which has lowered its market value to $306 billion.