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Asking for a Trend Josh Lipton looks ahead to this week as he previews several of the biggest earnings reports that Wall Street will have its eyes on, including major retailers Target (TGT), Home Depot (HD), Lowe's (LOW), BJ's Wholesale Club (BJ), as well as Chinese EV maker XPeng (XPEV) and Intuit (INTU).
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Time now for to watch in earnings. Next week, we're getting another batch report throughout the week. Looks like home is where the heart is. There will be a good concentration of home improvement retailers, including Home Depot, Lowe's, TJX. We're also going to be hearing quarterly earnings reports from big box stores like Target and BJs. Investors are opening the door to Home Depot's Q1 data on Tuesday. Analysts expect it to beat earnings estimates with top line expectations anticipated to be 39.3 billion and despite the ups and downs of recent tariff policy, analysts are optimistic. Company has surpassed Wall Street earnings estimates in the last four quarters. Then we've got Home Depot rival Lowe's. They're scheduled to release its quarterly earnings report. It's coming on Wednesday, revenue estimated at $20.95 billion. That number down only 2% from the previous year. And we'll watch Wednesday when Target set to release its first quarter earnings and they may be weaker than expected with revenue slated to be nearly flat at $24.4 billion. Stock has dropped over 26% year to date. Big box stores under pressure by weakened consumer spending, supply chain issues and tariff impact.
