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Home Depot Inc. (NYSE: HD) is scheduled to release its fiscal second-quarter financial results before the markets open on Tuesday. This will be the first major company reporting its earnings this week, and it also has the potential to push the Dow Jones Industrial Average even higher. Keep in mind this quarter is considered the busy quarter for Home Depot, as most home improvement projects happen over the summer.

The consensus estimates from Thomson Reuters call for $1.97 in earnings per share (EPS) on $26.48 billion in revenue. In the same period of the previous year, Home Depot posted EPS of $1.71 and $24.83 billion in revenue.

Housing and construction are still going strong from a technical standpoint, and this company is coming up to previous highs after some consolidation. Home Depot is also much closer to the new money being added to the system since housing loans are generally third in line after stocks and bonds to have prices bid up.

Overall, analysts are expecting that Home Depot will benefit from lower gasoline prices this summer, which in effect would allow for more consumer spending on home projects.

A few analysts weighed in on Home Depot over the course of the quarter:

• Stifel initiated coverage with a Buy rating and a $157 price target.
• Jefferies reiterated a Buy rating.
• Nomura has a Buy rating with a $155 price target.
• Deutsche Bank reiterated a Buy rating.
• BTIG has a Buy rating with a $155 price target.
• Topeka Capital Markets has a Buy rating with a $158 price target.
• Citigroup has a Buy rating with a $152 price target.
• Credit Suisse has an Outperform rating.

So far in 2016, Home Depot has underperformed the broad markets, with the stock up only 4%. Over the past 52 weeks, the stock is actually up about 17%.

Shares of Home Depot were trading near the $137.50 mark in early trading indications on Monday. The stock has a consensus analyst price target of $148.20 and a 52-week trading range of $92.17 to $139.00.