Retailers Set to Report Earnings: Walmart and Home Depot Implied Moves Reach Up to $42B

Several major retailers are set to report their earnings next week, and analysts expect significant market value swings based on the results. Home Depot, Walmart, TJX Companies, Lowe's Companies, Deere & Company, and Analog Devices will all release their quarterly earnings, with Wall Street modeling varying degrees of growth.

Home Depot, the world's largest home improvement specialty retailer, is expected to report 4.73 in earnings per share on $47.35 billion in revenue. The options market implies a 4.20% move, which would translate to around $14.3 billion in market value at stake.

Walmart, the world's largest retailer, is also set to report its quarterly earnings. Analysts expect 74 cents in earnings per share on $186.82 billion in revenue. The options market implies a 4.56% move, which would put around $42.1 billion in market value at stake.

These retailers have been performing relatively well this year, with Walmart up 2.6% year-to-date and Home Depot down 1.2%. However, the market is pricing in significant volatility ahead of the earnings reports, reflecting investors' expectations for potential surprises.