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How Will Home Depot (HD) Stock React to Next Week’s Q1 Earnings?

NEW YORK (TheStreet) -- Home Depot (HD - Get Report) stock is rising 0.26% to $134.62 in late morning trading on Friday as investors anticipate strong financial results for the fiscal 2016 first quarter. The Atlanta-based home improvement retailer is scheduled to release its quarterly report on Tuesday before the market open.

Wall Street is anticipating earnings of $1.35 per share for the latest quarter, up from earnings of $1.21 per share for the same period last year.

Revenue is expected to increase 6.8% year over year to $22.31 billion, compared with $20.89 billion for the fiscal 2015 first quarter.

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