The Home Depot, Inc. (HD) reports third-quarter earnings Tuesday morning before the opening bell, and Wall Street's most accurate analysts have been fine-tuning their forecasts heading into the release.

The consensus estimate sits at $3.83 per share, up from $3.67 in the same quarter last year. Revenue expectations are calling for $41.12 billion, compared to $40.22 billion a year earlier. So we're looking at growth, just not the explosive kind that makes headlines.

Home Depot's recent track record shows it has beaten revenue estimates in six of the last ten quarters overall. The company did stumble in the most recent second quarter, missing expectations. Shares closed Monday at $358.03, down 1.2%.

What the Top Analysts Are Saying

Here's how the analysts with the strongest accuracy ratings have positioned themselves heading into earnings:

Telsey Advisory Group analyst Joseph Feldman kept his Outperform rating with a $455 price target on November 13. Feldman has a 66% accuracy rate tracking the stock.

Wells Fargo analyst Zachary Fadem maintained an Overweight rating but trimmed his price target from $450 to $435 on November 11. Fadem brings a 77% accuracy rate to the table.

JP Morgan analyst Christopher Horvers stuck with an Overweight rating while lowering his target from $452 to $444 on November 10. Horvers has a 73% accuracy rate.

Truist Securities analyst Scot Ciccarelli kept his Buy rating but made the biggest cut, slashing his price target from $454 to $421 on November 7. Ciccarelli's accuracy rate stands at 71%.

Morgan Stanley analyst Simeon Gutman maintained an Overweight rating and actually raised his price target from $415 to $430 back on August 20. Gutman has a 68% accuracy rate.

The pattern here is pretty clear: analysts remain optimistic about Home Depot's long-term prospects, with all five maintaining bullish ratings. But most have been nudging their price targets lower in recent weeks, suggesting some near-term caution as the earnings report approaches.