Home improvement retail giant Home Depot (NYSE:HD) will be reporting results tomorrow before the bell. Here’s what to look for.

Home Depot beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $43.18 billion, flat year on year. It was a mixed quarter, with a same-store sales miss but an EPS beat. Looking ahead, guidance was disappointing, as the company lowered its full year outlook for key line items such as same-store sales, gross margin, and operating margin.

Is Home Depot a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Home Depot’s revenue to grow 3.9% year on year to $39.19 billion, a reversal from the 3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.65 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Home Depot has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Home Depot’s peers in the home furnishing and improvement retail segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Floor And Decor posted flat year-on-year revenue, missing analysts’ expectations by 1.7%, and Arhaus reported a revenue decline of 2.2%, falling short of estimates by 3%. Floor And Decor traded up 2% following the results while Arhaus was also up 6%.

Read our full analysis of Floor And Decor’s results here and Arhaus’s results here.

Investors in the home furnishing and improvement retail segment have had steady hands going into earnings, with share prices up 1.1% on average over the last month. Home Depot is down 2.2% during the same time and is heading into earnings with an average analyst price target of $410.44 (compared to the current share price of $406.30).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.