LOS ANGELES, CALIFORNIA - AUGUST 20: The exterior sign of a Lowe's home improvement store is seen on August 20, 2024 in Los Angeles, California. The company beat fiscal second-quarter earnings expectations, but missed on sales and cut its full-year outlook blaming inflation. (Photo by Eric Thayer/Getty Images)Lowe's beat Wall Street's quarterly earnings expectations on Tuesday, as outdoor do-it-yourself projects, the home professional business and stronger online shopping fueled sales.Yet even with the bett ...

— Diluted EPS of $2.99; Adjusted Diluted EPS1 of $2.89 —— Comparable Sales Decreased 1.1% — — Updates Full Year 2024 Outlook —MOORESVILLE, N.C., Nov. 19, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.7 billion and diluted earnings per share (EPS) of $2.99 for the quarter ended Nov. 1, 2024, compared to diluted EPS of $3.06 in the third quarter of 2023. During the third quarter, the company recognized a $54 million pre-tax gain associated with the 2022 sale of the ...

Lowe’s Companies, Inc. LOW will release earnings results for its third quarter, before the opening bell on Tuesday, Nov. 19.Analysts expect the Mooresville, North Carolina-based company to report quarterly earnings at $2.81 per share, down from $3.06 per share in the year-ago period. Lowe’s projects to report quarterly revenue of $19.91 billion, compared to $20.47 billion a year earlier, according to data from Benzinga Pro.On Aug. 20, the company reported adjusted earnings per share of $4.10, beating the an ...

As Lowe's Companies, Inc. (LOW) prepares to unveil its third-quarter fiscal 2024 earnings on Nov. 19 before the opening bell, investors are keenly observing its performance. With a projected decline in the top and bottom-line figures, the upcoming earnings release prompts a critical question: Can Lowe’s meet or exceed expectations despite these anticipated decreases in profitability?The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $20 billion, which suggests a drop of 2.5% ...

With a market capitalization of $153.4 billion as of this writing, home improvement retailer Lowe's Companies (NYSE: LOW ) is a giant in its space. In fact, with the exception of The Home Depot ( HD ), whichCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms ...

Group 1 - Lowe's Companies is expected to report third-quarter results with analysts predicting a year-over-year decline in sales, despite potential boosts from recent hurricanes [1][2] - The professional contractor market will be a critical area to monitor, as do-it-yourself sales are under pressure from inflation [1][6] - Analysts have mixed views on Lowe's stock compared to Home Depot, with 10 "buy" ratings, 8 "holds," and 1 "sell" rating among the 19 analysts covering Lowe's [3] Group 2 - Lowe's is projected to report sales of $19.89 billion, down from $20.47 billion last year, with net income expected to decline nearly 10% to $1.60 billion, or $2.82 per share [4] - Analysts from Bank of America and Melius Research suggest that Home Depot's earnings may indicate a similar sales boost for Lowe's due to hurricanes affecting Southern states [5] - Melius analysts raised their price target for Lowe's to $310, emphasizing the importance of the professional contractor market amid lower spending on big-ticket and do-it-yourself projects [6][7]

Lowe's plans to provide millions in financial support to small businesses in North Carolina that were hit hard by Hurricane Helene, helping them recover during the holiday season after federal relief temporarily dried up. The $2.5 million fund will provide grants directly to small businesses in the state. It will also provide support to local business development organizations in advancing their work to help businesses navigate disaster relief aid. The fund is part of the company's $12 million pledge to sup ...

Core Viewpoint - Analysts project that Lowe's will report quarterly earnings of $2.81 per share, reflecting an 8.2% decline year over year, with revenues expected to reach $19.95 billion, down 2.6% from the same quarter last year [1]. Earnings Estimates - Over the last 30 days, there has been a 0.6% upward revision in the consensus EPS estimate for the quarter, indicating a collective reconsideration by covering analysts [2]. - Revisions to earnings estimates are significant indicators for predicting potential investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Key Metrics - Analysts estimate the total number of stores for Lowe's to be 1,746, unchanged from the previous year [5]. - The projected total sales floor square footage is 194.96 million, slightly down from 195 million reported in the same quarter last year [5]. - The average store size selling square feet is expected to be 111.88 thousand, compared to 112 thousand in the same quarter last year [6]. Stock Performance - Shares of Lowe's have decreased by 4.1% over the past month, contrasting with a 3.1% increase in the Zacks S&P 500 composite [6]. - Lowe's holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [6].

Core Points - Lowe's is launching a $2 million recovery fund to support small businesses in Western North Carolina affected by Hurricane Helene, providing 100 grants of $20,000 each [1][6] - The fund will be managed by the Local Initiatives Support Corporation (LISC), and grant applications will open on November 18 [2][6] - Lowe's commitment to the community includes hosting local events during Thanksgiving to assist impacted restaurants and artisans [3] Group 1 - The recovery fund aims to address urgent needs such as payroll, rent, and equipment replacement for small businesses [1] - Lowe's will distribute 3,000 family-style Thanksgiving meals from local caterers to support over 12,000 people in affected communities [4] - On Small Business Saturday, Lowe's will host a Holiday Pop-Up event for local artisans, providing $1,000 grants to help replenish their supplies [5] Group 2 - The initiatives are part of Lowe's broader $12 million pledge for relief and recovery efforts following the hurricanes [6] - Donations have also been made to support first responders and local nonprofits, including a $750,000 grant for veterans housing [6] - Lowe's operates over 1,700 home improvement stores and serves approximately 16 million customer transactions weekly, with total sales exceeding $86 billion in fiscal year 2023 [8]

Retail Sector Overview - Corporate earnings are expected to decline next week, but several major retailers are set to report earnings following upcoming retail sales data [1] - Home Depot reported better-than-expected third-quarter results and raised its guidance, becoming a highlight in the retail sector [1] Walmart Inc (NYSE:WMT) - Walmart is scheduled to announce earnings before the market opens on November 19 [2] - The stock has shown positive performance, finishing higher after six of its last eight quarterly reports, including the last three [2] - As of the latest update, Walmart's stock was up 1.3% at $85.29, having reached a record high of $85.45, and has increased by 62.6% since the beginning of the year [2] Lowe's Companies Inc (NYSE:LOW) - Lowe's will also report earnings before the market opens on November 19 [3] - The stock's post-earnings performance has been less favorable, with only half of its next-day sessions finishing higher over the last two years [3] - Currently, Lowe's stock is down 1.3% at $271.05 but has been recovering towards its October 16 record peak of $286.99, with a year-to-date increase of 21.8% [3] Target Corp (NYSE:TGT) - Target is set to announce earnings before the market opens on November 20 [4] - The stock has a history of significant post-earnings movements, averaging a next-day swing of 8.6% over the last eight reports, with current options pricing in a move of 13.4% [4] - Target's stock has finished higher in six of its last eight reports, currently up 1.7% at $155.93, and has increased by 9.8% in 2024 [4]