05:57 AM EDT, 05/14/2024 (MT Newswires) -- Home Depot ( HD ) is due with its Q1 results in today's pre-market session, and analysts polled by Capital IQ expect the company to report a profit of $3.50 per share on revenue of $36.7 billion.

Over the long term Home Depot ( HD ) has narrowed or reversed its trade in the following regular sessions after 40 of the last 77 pre-market earnings events we've tracked.

Looking deeper into the performance data, HD is favoring the downside in adding to its earnings-driven pre-market declines and narrowing its gains in the follow-on regular session. In 45 quarters of the 77 we've tracked, the stock recorded a pre-market advance. In 21 of those quarters, 48% of the time, the stock has added to its gains in the following regular session. It narrowed 52% of the time. On the downside, HD has recorded 32 quarters where it has seen an earnings-driven pre-market decline, adding to its downside 19 times, or 59% of the time, and narrowing its declines 13 times in the following regular session.

Price: 342.90, Change: +1.94, Percent Change: +0.57