Investors are bailing on Home Depot (HD) shares ahead of the company’s Q2 earnings on Aug. 18, especially since the options market believes they are unlikely to recover following the release. Consensus is for the home improvement retailer to record $4.71 in earnings per share (EPS) for its second quarter, which would represent a marginal 0.64% increase on a year-over-year basis.
Home Depot stock has been a muted investment in 2026, currently down about 2% year-to-date.