Home Depot Inc (NYSE:HD) will report first-quarter (Q1) results on Tuesday before the open, offering a glimpse into consumer trends in the housing market. Here's what analysts expect and the key items to watch.

Home Depot Q1 Earnings Estimates

Analysts expect the home improvement retailer to report Q1 revenue of $41.54 billion. That’s up from $39.86 billion in last year's Q1, according to data from Benzinga Pro.

The company has beaten analyst estimates for revenue in two straight quarters and in seven of the last 10 quarters overall.

Analysts expect Home Depot to report Q1 earnings per share of $3.41, down from $3.56 year-over-year.

The company has beaten analyst estimates for earnings per share in seven of the last 10 quarters, including the most recently reported fourth quarter.

Read Also:

How To Earn $500 A Month From Home Depot Stock Ahead Of Q1 Earnings

What Home Depot Experts Are Saying

Freedom Capital Markets Chief Market Strategist Jay Woods said the stock has been weighed down by several items ahead of earnings.

"Home Depot continues to lag the S&P 500, weighed down by a stagnant housing market, cautious consumer spending, and ...