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HD — The Home Depot News Story

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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)

((noel.randewich@thomsonreuters.com))

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