PREVIEW: Home Depot revenue, EPS seen rising as investors eye CEO absence
BUZZ-PREVIEW: Home Depot revenue, EPS seen rising as investors eye CEO absence ** Shares of Home Depot HD.N falling 0.4% on Mon ahead of qtrly results before the bell on Tues, with investors focused on management stability following the CEO's temporary medical leave
** The home improvement retailer is expected to post qtrly rev up 4% to $47.27 bln and adj EPS of $4.73 compared to $4.68 a yr-ago, per LSEG
** Co announced on Aug. 12 that CEO Ted Decker would take a temporary medical leave, with CFO Richard McPhail and EVP Ann-Marie Campbell overseeing CEO operations in his absence
** In its prev qtrly report, HD warned Americans were scaling back large remodeling projects as they grapple with mounting macroeconomic uncertainty and a subdued housing market strained by affordability pressures
** HD shares have fallen ~2% year-to-date, underperforming the S&P 500's .SPX 13% rise
** Stock recently traded at ~22x forward earnings, in line with its five-year average - LSEG
(Reporting by Noel Randewich)
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