Home Depot anticipates fiscal fourth-quarter earnings report amid signs of rebounding demand for home improvement supplies

Home Depot is set to announce its fiscal fourth-quarter earnings as investors hope for signs of a bounce-back in demand for home improvement supplies. Analysts are expecting earnings per share at $2.77 and revenue at $34.64 billion, according to LSEG's survey. The retailer has faced challenges due to reduced consumer spending on big-ticket items amid inflation and higher interest rates. Despite the sales slowdown, Home Depot's shares have seen a modest increase this year, reflecting resilience in the market.

Challenges and Expectations

Amid inflation and higher interest rates, Home Depot has faced challenges related to reduced consumer spending on big-ticket items. Despite this, analysts are hopeful for strong earnings and revenue numbers in the upcoming announcement.