Home Depot (HD) is set to report Q2 (Jul) earnings results tomorrow before the open with a conference call to follow at 9am ET. 

The CapitalIQ consensus estimate for Q2 EPS is $3.08. The revenue consensus estimate is $30.97 bln. Note: HD typically guides for revenue, EPS and comps in the press release for the full year.

Same store comps are always a key metric for Home Depot.

Because Home Depot is such a large retailer, its results are viewed as a barometer for the economy. HD should provide some early clues on how robustly the consumer is spending. This will be a good comparison bar for Lowe's (LOW) which reports on Wednesday before the open.

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