Three Earnings Reports to Rule the Market This Week (HD, DELL, WMT, TGT, SHLD, LOW, HPQ, AAPL)

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Earnings season may feel over, but this week is going to be riddled with key earnings reports that can move the market or move their sectors.  The key earnings are all hitting on Tuesday: Home Depot Inc. (NYSE: HD); Wal-Mart Stores Inc. (NYSE: WMT); and Dell Inc. (NASDAQ: DELL). 

We have given some earnings previews containing the Thomson Reuters consensus estimates for the past quarter and the current quarter which will be reported on in about three months.  We have also added in some color on each as well as consensus price targets and what to look for elsewhere after each report.

Home Depot Inc. (NYSE: HD) reports on Tuesday morning and this is on the heels of a positive reception from what really looked like a lackluster report from Lowe’s Companies, Inc. (NYSE: LOW) if you were just looking at the past reports as a comparison.

Thomson Reuters has estimates for the home improvement retail giant of $0.58 EPS and $17.1 billion in revenues; next quarter estimates are $0.40 EPS and $15.5 billion in revenue.  Shares trade around $38.50, its 52-week trading range is $28.13 to $39.38 and the consensus price target from Thomson Reuters is listed as $39.81.

All that can really be said is that Home Depot faces an incredibly poor housing market and a softening retail sales growth.  The company has only had one major storm in about three years now as well that would have contributed a significant amount to earnings.  And to top it off, shares are close to a cycle peak despite the negative headwinds.