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Home Depot set to report earnings Tuesday morning

Yahoo Finance Video

Home Depot will release its first-quarter earnings results on the morning of Tuesday, May 17.

Video Transcript

- All right. Time now for my Stock to Watch. Its Home Depot--

[MUSIC PLAYING]

--who reports earnings tomorrow. The symbol, HD. While there are some signs that we just mentioned, the housing market beginning to cool, a Bank of America report says, quote, "When comparing current home improvement retail spending trends to pre-pandemic levels, the three-year growth rate accelerated in the first quarter of '22 versus the fourth quarter of '21." Now, rising cost of construction materials, and building supply shortages, not to mention builder sentiment, declining now for three straight months are concerns ahead of Tuesday's report. And the stock is down more than 25%, year to date. Home Depot, my stock to watch for the next trading day.