Home Depot (HD) is scheduled to report fourth-quarter earnings before the bell on Tuesday, with analysts mostly bullish on the home-improvement retailer's stock.

Eight of the 11 analysts who follow Home Depot tracked by Visible Alpha have issued "buy" or equivalent ratings, with three "hold" ratings. Their average price target of $433 is about 13% above Monday's close.

Home Depot is expected to report adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $3.03 for the final quarter of 2024, along with sales of $39.12 billion, up from $34.79 billion a year ago. Home Depot 澳洲幸运5官方开奖结果体彩网:topped estimates last quarter, although CEO Ted Decker said that "🧜macroeconomic uncertainty remains."

Comparable Store Sales Expected To Declineꦬ, Again

However, analysts also forecast a slight decline Home Depot's 澳洲幸运5官方开奖结果体彩网:comparable store sales. The retailer and 澳洲幸运5官方开奖结果体彩网:rival Lowe's (LOW) have said that sales for 澳洲幸运5官方开奖结果体彩网:"big-ticket" items like appliance𝕴s have been affected by inflation.

JPMorgan analysts said in a recent note that given the retailer's "three long years" since its last positive comparable sales result in the third quarter of 2022, Home Depot could be conservative in its projections for 2025.

The JPMorgan analysts lifted their 澳洲幸运5官方开奖结果体彩网:price target for Home Depot stock to $475 from $450, and said they were adding it to their "Analyst Focus List as a growth investment," given its valuation relative to retail𝓰 peers'.

Home Depot shares, which edged 0.8% lower to close at $382.42 Mﷺonday, are u♕p roughly 3% over the last 12 months.

UPDATE—Feb. 24, 2025: This article has been updated to reflect more recent analyst estimates and share price values.