A Home Depot store in Miami, Florida.
Home Depot is set to report earnings for the fourth quarter before the bell Tuesday and update investors on whether its significant investments in the company are paying off.
Here’s what analysts expect, based on Refinitiv data:
- Earnings per share: $2.10, adjusted
- Revenue: $25.76 billion
- Same-store sales: up 4.7% in the U.S.
The Atlanta-based home improvement retailer’s shares have been trading near an all-time high, buoyed by a strong U.S. economy and a housing market with appreciating home values. But it’s been under pressure as it spends billions of dollars to integrate its brick-and-mortar stores and its online business. It announced in 2017 that it would invest about $11 billion over three years as part of its “One Home Depot” program. It cut its forecast twice in 2019, saying it was taking longer to see the benefits of that spending.
Home Depot leaders have said its investments will peak in 2020. The company plans to spend $3.9…