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Home Improvement Retailer Set to Post Third Quarter Results Tuesday

June 19, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer is keeping an eye on Home Depot (HD) Tuesday when the home improvement retailer releases its third quarter earnings results before the opening bell. Cramer says, ‘Home Depot has been selling off but is still way, way up. All the retailers that have reported, with the exception of Kohl’s (KSS), have been very, very disappointing. I do believe that Home Depot has a lot of good things going for it….but I’m just telling people, listen this is a stock that is up a lot in an environment where people are taking profits. So if Home Depot reports a terrific number, it still could bring out profit-taking but it is kind of the last man standing in retail.’ Analysts are expecting Home Depot to post earnings of $1.32 a share on $21.76 billion in revenue for the quarter.

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