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Home improvement retailers have had a tough 2023, and their coming first-quarter earnings reports might not do much to help the stocks. The picture, however, could brighten as the year goes on, making some stocks worth considering.
HomeDepot
(ticker: HD) and Lowe’s (LOW) are slated to report first-quarter results one week apart, on May 16 and 23, respectively. Consensus calls for both companies’ per-share earnings to dip year over year. Analysts expect Home Depot to deliver earnings of $3.86 a share, down from $4.09 in the first quarter