Home Depot stock declined 2.8% as the company prepared to report fourth quarter earnings on Tuesday. Wall Street analysts forecast Home Depot to report Q4 earnings of $2.51 per share, representing a nearly 20% decline year-over-year, with revenues expected to drop 3.7% to $38.25 billion. Options pricing suggested traders expected the stock could move up to 4% in either direction following the earnings release. The stock has gained approximately 11% for 2026 amid a broader rotation out of tech stocks in favor of consumer-focused companies. Home Depot said it was still analyzing the impacts of the Supreme Court's ruling that struck down most of Trump's tariffs. The company faces headwinds from a sluggish housing market and stiff interest rates cooling demand for home improvement projects.
Read full analysisHome Depot stock declined 2.8% as the company prepared to report fourth quarter earnings on Tuesday. Wall Street analysts forecast Home Depot to report Q4 earnings of $2.51 per share, representing a nearly 20% decline year-over-year, with revenues expected to drop 3.7% to $38.25 billion. Options pricing suggested traders expected the stock could move up to 4% in either direction following the earnings release. The stock has gained approximately 11% for 2026 amid a broader rotation out of tech stocks in favor of consumer-focused companies. Home Depot said it was still analyzing the impacts of the Supreme Court's ruling that struck down most of Trump's tariffs. The company faces headwinds from a sluggish housing market and stiff interest rates cooling demand for home improvement projects.
Home Depot is the world's largest home improvement retailer, selling building materials, tools, and home products to both do-it-yourself consumers and professional contractors. The company recently completed a $5.5 billion acquisition of GMS Inc. to expand its professional contractor business, while cutting 800 corporate jobs and tightening employee bonus thresholds amid a sluggish housing market. With Q4 earnings due Tuesday and analysts projecting meaningful revenue and profit declines, the stock is particularly sensitive to both the earnings outcome and the still-uncertain impact of Friday's Supreme Court tariff ruling.