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Home Depot Inc. (NYSE: HD) on Tuesday while rival
Lowe's Cos. Inc. (NYSE: LOW) follows on Wednesday. Hot rocket
NVIDIA Inc. (NASDAQ: NVDA) and cloud powerhouse
Salesforce (NYSE: CRM) will also report this week.
Home Depot
For the fourth quarter, Wall Street analysts are expecting HD to post $2.37 in per share earnings on revenues of $27.1 billion. What analysts are wondering is whether the housing market can remain resilient, since Home Depot has benefited from a consistent rise in new home construction and home remodeling projects.
Despite rising 6.5% year to date, its stock has seemingly hit a wall as shares have traded flat over the past six months, compared to 16% rise in the S&P 500 index. Nonetheless, the home improvement giant has established a strong track record for beating consensus estimates, with profits beating Street forecast in every quarter over the past half of a decade. Wall Street finds that the pandemic environment has created an opportunity for Home Depot to take market share over the next two to three years but the company's guidance on Tuesday will show how realistic that forecast is.

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