PREVIEW: Home Depot expected to report quarterly revenue drop

Shares of Home Depot HD.N closed down 1.4% to $376.99 ahead of its quarterly earnings report due before markets open on Tuesday

Wall Street analysts expect a ~4% drop in HD's revenue to $38.1 billion, down from ~$40 billion in the prior year. The home improvement retailer is expected to report a ~16% decline in adj EPS to $2.54 versus $3.02 a year ago

Consumer spending and U.S. economic growth likely moderated in the fourth quarter because of disruptions from last year's government shutdown

Last week, Walmart WMT.O reported that U.S. same-store sales rose 4.6% for the quarter ending January 31, exceeding estimates

38 analysts covering HD, giving it an avg rating of "BUY" and median PT of $406, per LSEG data

HD is up 9.6% YTD vs 1.5 rise in Dow Industrials .DJI