Lowe's (LOW) came out with quarterly earnings of $3.06 per share, beating the Zacks Consensus Estimate of $2.94 per share. This compares to earnings of $3.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.08%. A quarter ago, it was expected that this home improvement retailer would post earnings of $1.68 per share when it actually produced earnings of $1.77, delivering a surprise of 5.36%.Over the last four quarters, the co ...

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— Comparable Sales Decreased 4.1%; Diluted EPS of $3.06 —— Affirms Full Year 2024 Outlook —MOORESVILLE, N.C., May 21, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.8 billion and diluted earnings per share (EPS) of $3.06 for the quarter ended May 3, 2024, compared to diluted EPS of $3.77 in the first quarter of 2023, which included a gain associated with the 2022 sale of the Canadian retail business. Excluding this gain, first quarter 2023 adjusted diluted EPS1 was ...

Analyst Estimates for Q1 2024Q4 2023Q1 2023Revenue$21.12 billion$18.6 billion$22.35 billionDiluted EPS$2.93$1.77$3.77Net Income$1.68 billion$1.02 billion$2.26 billion Key Metric: Big-Ticket Spending Like Home Depot, Lowe's could mention a pullback in "big-ticket spending" in its report, as inflation-weary consumers have become less likely to take on significant home-improvement projects. "Macroeconomic factors like persistent inflation and a stagnant housing market continue to make DIY customers and cons ...

BLOOMSBURG, PENNSYLVANIA, UNITED STATES - 2023/05/21: An exterior view of a Lowe's home improvement ... [+] store. Lowe's Companies, Inc. reports quarterly earnings on Tuesday, May 23, 2023. (Photo by Paul Weaver/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesLowe’s (NYSE: LOW), a home-improvement retailer, is scheduled to report its fiscal first-quarter results on Tuesday, May 21. We expect the company’s stock to likely see little to no movement with revenue and earnings m ...

As Lowe's Companies, Inc. (LOW) prepares to unveil its first-quarter fiscal 2024 earnings on May 21 before market open, investors are keenly observing the company's performance. With a projected decline in both the top and bottom-line figures, the upcoming earnings release prompts a critical question: should you buy Lowe's ahead of this event?The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $21.1 billion, which suggests a drop of 5.7% from the prior year’s levels. However, ...

Lowe's Companies (LOW) has effectively navigated the evolving retail landscape through strategic innovation and adaptability, focusing on enhancing customer engagement and streamlining operational efficiencies.Despite facing challenges, such as a decline in comparable sales influenced by broader economic factors, Lowe's proactive strategies, such as the introduction of the MyLowe's Rewards program, and significant investments in technology and infrastructure demonstrate its commitment to maintaining a compe ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-an ...

MOORESVILLE, N.C., May 14, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announced today that it will hold its First Quarter 2024 Earnings Conference Call at 9 a.m. Eastern time on Tuesday, May 21. A webcast will be available by visiting the Quarterly Earnings section of the Lowe's Investor Relations website, ir.lowes.com. Supplemental materials will be available 15 minutes before the start of the conference call.What: First Quarter 2024 Earnings Conference CallWhen: 9 a.m. EST on Tuesday, May 21W ...

Lowe's (LOW) closed at $232.98 in the latest trading session, marking a -0.87% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.02%. Elsewhere, the Dow saw a downswing of 0.21%, while the tech-heavy Nasdaq appreciated by 0.29%.Shares of the home improvement retailer have appreciated by 1.28% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 1.42% and the S&P 500's gain of 1.29%.The investment community will be closely monitoring t ...