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Retail Names in Focus with major Earnings Slated this Week
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Retail Names in Focus with major Earnings Slated this Week

Major retail names including Walmart (WMT), Home Depot (HD), and Target (TGT) are slated to release quarterly numbers this week.

Walmart’s third-quarter numbers are anticipated before the market opens tomorrow. The company is expected to report revenues of ~$146.5 billion alongside an EPS of $1.32.

In the year-ago period, Walmart had posted an EPS of $1.45 versus the Street’s expectations of $1.40. The retail behemoth is focusing on its eCommerce platform and shares have gained 9% over the past month already.

Home Depot too, is posting its third quarter numbers tomorrow in the pre-market session.

Analysts expect Home Depot to post a top line of ~$37.9 billion alongside an EPS of $4.12. Impressively, the retailer has now consecutively beaten the Street’s expectations for the last eight quarters.

Shares have declined nearly 23% year-to-date.

Further, Target’s third quarter numbers on Wednesday are expected to show inventory and challenges from freight costs weighing on its bottom line.

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