A number of retail companies are scheduled to report earnings this week, giving investors a glimpse into what’s going on with consumers. Companies scheduled to report earnings include Target, Walmart and Home Depot. The reports come as investors worry about the possibility of a full-blown recession next year. The third quarter results mostly exceeded expectations. More than 90% of S&P 500 companies already report. Of these names, 80% posted results that exceeded expectations. CNBC Pro breaks down what to expect from some of this week’s major reports. Home Depot on Tuesday will report earnings before the start of trading, followed by a call at 9 a.m. ET. Last quarter: HD’s earnings beat expectations, but sales declined as consumers refrained from purchasing big-ticket items. This quarter: Analysts surveyed by LSEG expect the home improvement giant to report a double-digit decline in earnings per share. What to watch: Home Depot stock has struggled this year, dropping more than 7% as the Federal Reserve raised interest rates to fight inflation. Investors will be looking for clues as to whether interest rate pressure on the company is easing. Barclays analyst Seth Sigman said: “While the possibility of a peak in interest rates provides some support for stocks, the risk remains that demand remains weak for an extended period of time, with problems likely to persist well into FY24.” There is a possibility.” History shows us: Home Depot beats earnings estimates 86% of the time, according to Bespoke Investment Group. However, the stock price has fallen on two of the past three earnings days. Target on Wednesday is scheduled to report earnings in the premarket, with a conference call scheduled for 8 a.m. ET. Last quarter: TGT lowers its full-year profit forecast as it struggles to attract thrifty shoppers. This quarter: LSEG says Target is expected to see a slight decline in earnings and revenue year-over-year. Highlights: Target enters this report against a challenging backdrop. The stock is down 27% in 2023, and CEO Brian Cornell told CNBC earlier this month that shoppers are pulling back, even when it comes to groceries. Still, UBS analyst Michael Lasser last week reiterated his Buy rating on Target’s stock, saying, “We believe Target managed margins well in the quarter. If that’s the case, TGT will “This will be the third consecutive period of stability.” ” What History Shows: Customized data shows Target beats revenue expectations 65% of the time. The stock price has risen more than 2% on each of the past three fiscal days. Palo Alto Networks is scheduled to release financial results after the market close. Management is scheduled to hold a conference call at 4:30 p.m. ET. Last quarter: PANW reported earnings that beat analysts’ expectations, sending the stock higher. This quarter: According to FactSet data, analysts expect the network company’s revenue to increase by 40% over the same period last year. What to watch: Palo Alto Networks has soared 81% this year, experiencing incredible growth. Morgan Stanley’s Hamza Foderwala thinks the company can maintain its momentum after this week’s report. “We expect PANW to lead the pack and maintain sustained high-teen billing growth,” the analyst said. What history shows: According to Bespoke, Palo Alto beats his revenue expectations 93% of the time. The company’s stock also performed well on earnings day, rising an average of 2.1%. Walmart is scheduled to report premarket earnings on Thursday, followed by a conference call at 8 a.m. ET Last quarter: WMT provides full-year profit guidance thanks to strong online and grocery sales I pulled it up. This quarter: The retail giant’s revenue is expected to be flat year over year, according to LSEG. What to watch: Walmart is on a roll, with its stock reaching an all-time high last week on bets that the retail giant will have a strong holiday season. “As in recent quarters, broad momentum continues across the company, including Walmart US’s grocery and health and wellness categories, further driving above-plan deliveries,” said Rupesh Parikh, an analyst at Oppenheimer. I predict that.” What History Shows: According to Bespoke data, Walmart has increased in value on four of the past five closing days. The company’s earnings per share also exceeded expectations by 70%. —CNBC’s Michael Bloom contributed reporting.