The Week Ahead: Home Depot, Walmart, and Target to Report Earnings
We are also expecting an earnings report from NVIDIA.
Earnings season continues to roll on throughout August, and for the week ahead we expect to see reports from Home Depot (HD) and Walmart (WMT) on Tuesday. On Wednesday, we expect Target (TGT) and NVIDIA (NVDA) to report earnings.
The Home Depot is the world’s largest home improvement retailer, supported by its evolving distribution network and a stable housing market. Even if existing-home sales and turnover decelerate, the wide-moat company remains in a comfortable position in the consumer cyclical sector. Devoted to better merchandising and an efficient supply chain, it is possible Home Depot could deliver more than $115 billion in revenue in 2020. Following the shelter-in-place restrictions, there has been an increase in housing-related projects and other do-it-yourself experiences, which are areas the company has successfully adopted as a part of its brand.
Carole Hodorowicz does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.