MOORESVILLE, N.C., Nov. 12, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announced today that it will hold its Third Quarter 2024 Earnings Conference Call at 9 a.m. Eastern time on Tuesday, Nov. 19. 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: Third Quarter 2024 Earnings Conference Call When: 9 a.m. ET on Tuesda ...

In the latest trading session, Lowe's (LOW) closed at $274.51, marking a +1.26% move from the previous day. This move outpaced the S&P 500's daily gain of 0.1%. On the other hand, the Dow registered a gain of 0.69%, and the technology-centric Nasdaq increased by 0.06%.The home improvement retailer's shares have seen a decrease of 1.69% over the last month, not keeping up with the Retail-Wholesale sector's gain of 5.33% and the S&P 500's gain of 4.37%.The upcoming earnings release of Lowe's will be of great ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Lowe's (LOW) , which belongs to the Zacks Building Products - Retail industry.When looking at the last two reports, this home improvement retailer has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.81%, on average, in the last two quarters.For the last reported quarter, Lowe's came out with earnings of $4.10 p ...

Company Performance - Lowe's stock closed at $264.98, reflecting a +1.16% change from the previous trading day, outperforming the S&P 500's daily loss of 0.28% [1] - Over the past month, Lowe's shares have depreciated by 2.17%, underperforming the Retail-Wholesale sector's gain of 1.01% and the S&P 500's gain of 0.41% [1] Upcoming Earnings - Lowe's earnings report is scheduled for November 19, 2024, with an expected EPS of $2.80, indicating an 8.5% decline from the same quarter last year [2] - The forecasted quarterly revenue is $19.85 billion, down 3.03% from the previous year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of $11.91 per share and revenue of $82.91 billion, reflecting declines of -9.77% and -4.01% respectively from last year [3] Analyst Projections - Recent shifts in analyst projections for Lowe's are important to monitor, as they reflect short-term business trends and can indicate analysts' outlook on the company's health and profitability [4] Zacks Rank - Lowe's currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining steady over the past month [6] - The Zacks Rank system has a strong track record, with 1 stocks generating an average annual return of +25% since 1988 [6] Valuation Metrics - Lowe's has a Forward P/E ratio of 21.99, which is a premium compared to the industry's average Forward P/E of 19.82 [7] - The company also has a PEG ratio of 2.15, while the average PEG ratio for Building Products - Retail stocks is 3.65 [8] Industry Context - The Building Products - Retail industry is part of the Retail-Wholesale sector and currently holds a Zacks Industry Rank of 185, placing it in the bottom 27% of over 250 industries [9]

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Lowe's (LOW), and highlights the potential misalignment of interests between brokerage firms and retail investors [1][4]. Group 1: Brokerage Recommendations for Lowe's - Lowe's has an average brokerage recommendation (ABR) of 1.86, indicating a consensus between Strong Buy and Buy, based on 33 brokerage firms [2]. - Among the 33 recommendations, 18 are Strong Buy and 1 is Buy, which accounts for 54.6% and 3% of all recommendations respectively [2]. - Despite the positive ABR, relying solely on this information for investment decisions may not be advisable, as studies show brokerage recommendations often fail to guide investors effectively [3]. Group 2: Limitations of Brokerage Recommendations - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings due to vested interests, leading to a disproportionate number of Strong Buy recommendations compared to Strong Sell [4][8]. - This bias results in a lack of alignment with retail investors, making it difficult to accurately predict stock price movements based on these recommendations [5][8]. Group 3: Zacks Rank as an Alternative - The Zacks Rank, which classifies stocks from 1 (Strong Buy) to 5 (Strong Sell), is presented as a more reliable indicator of near-term price performance, driven by earnings estimate revisions [6][9]. - Unlike the ABR, the Zacks Rank is timely and reflects the latest earnings estimates, providing a more accurate prediction of future stock prices [10]. - For Lowe's, the Zacks Consensus Estimate for the current year remains unchanged at $11.91, leading to a Zacks Rank of 3 (Hold), suggesting caution despite the positive ABR [11][12].

Core Insights - Lowe's is enhancing the holiday shopping experience with exclusive deals, festive in-store events, and personalized rewards for customers [1][2][5] Group 1: Holiday Promotions - Customers can save up to 35% on select major appliances and receive up to $500 off select LG appliances during the holiday season [2] - MyLowe's Rewards members will have early access to Black Friday doorbusters and exclusive online discounts [2][3] - Throughout December, Lowe's will offer weekly limited-time deals to encourage holiday shopping beyond Black Friday [2] Group 2: Customer Engagement and Services - The first 25 MyLowe's Rewards members in-store on Black Friday will receive a holiday gift valued up to $150 and a 20% off coupon for the following weekend [3] - Lowe's provides convenient services such as same-day delivery in select areas and a buy online, pick up in-store option [4][12] - The company guarantees the lowest price by matching competitors' prices on identical items [4][13] Group 3: Product Offerings - Lowe's offers a wide selection of holiday décor and thoughtful gifts, including tools and home improvement essentials [4] - The company emphasizes providing exceptional value and performance from trusted brands for home improvement needs [5] Group 4: Company Overview - Lowe's Companies, Inc. is a FORTUNE® 50 home improvement company with over 1,700 stores and approximately 300,000 employees, serving around 16 million customer transactions weekly [6]

In the latest market close, Lowe's (LOW) reached $262.97, with a -1.87% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.16%. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw an increase of 0.78%.Heading into today, shares of the home improvement retailer had lost 1.06% over the past month, lagging the Retail-Wholesale sector's loss of 0.07% and the S&P 500's gain of 1.67% in that time.The investment community wil ...

Company Performance - Lowe's shares closed at $281.83, reflecting a +0.39% change from the previous day's closing price, outperforming the S&P 500's loss of 0.76% [1] - Over the last month, Lowe's shares increased by 9.39%, exceeding the Retail-Wholesale sector's gain of 3.42% and the S&P 500's gain of 4.31% [1] - The upcoming earnings report is expected to show an EPS of $2.80, an 8.5% decline year-over-year, with revenue anticipated at $19.85 billion, a 3.03% decrease compared to the same quarter last year [1] Annual Forecast - Zacks Consensus Estimates project earnings of $11.91 per share and revenue of $82.91 billion for the year, indicating declines of -9.77% and -4.01% respectively compared to the previous year [2] - Recent changes in analyst estimates are crucial for investors, as positive revisions indicate confidence in the company's performance [2] Valuation Metrics - Lowe's has a Forward P/E ratio of 23.56, which is higher than the industry average of 21.97 [3] - The company holds a PEG ratio of 2.31, compared to the Building Products - Retail industry's average PEG ratio of 3.69 [3] - The Building Products - Retail industry is currently ranked 226 in the Zacks Industry Rank, placing it in the bottom 11% of over 250 industries [3]

Core Insights - Lowe's Companies, Inc. (LOW) reached a new 52-week high of $268.71, driven by strategic initiatives and favorable economic conditions, particularly following a 50-basis point interest rate cut by the Federal Reserve [1][7] - The stock has shown a 7.5% increase over the past month, slightly below the industry's 8% growth, but outperforming the broader Retail and Wholesale sector and the S&P 500 [2] - Lowe's is focusing on its Pro segment, achieving mid-single-digit comparable sales growth, while facing challenges in the DIY market [5][8] Financial Performance - In the second quarter of fiscal 2024, Lowe's reported net sales of $23.6 billion, a 5.5% decline year-over-year, with a 5.1% decrease in comparable sales [8] - The company has revised its total sales outlook to between $82.7 billion and $83.2 billion, down from a previous estimate of $84-$85 billion, and expects comparable sales to decline by 3.5% to 4% [9] Market Strategy - Lowe's "Total Home" strategy aims to enhance customer engagement across Pro and DIY markets, with a focus on omnichannel initiatives and online sales growth of 2.9% [6] - The company is leveraging technology partnerships, including collaborations with Apple, Palantir, and NVIDIA, to enhance customer experience and operational efficiency [6] Competitive Landscape - Competition in the home improvement sector remains intense, with rivals like Home Depot innovating and expanding their offerings, which may challenge Lowe's market share [9] - Lowe's faces a cautious consumer spending environment, particularly in the DIY segment, which has seen a shift towards essential expenditures [8] Valuation and Outlook - Despite recent price increases, Lowe's stock remains attractive, trading at a forward P/E ratio of 21.37, lower than the industry average of 23.41 and the S&P 500's 21.98 [12] - Analysts have revised earnings per share estimates downward for the current and next fiscal year, reflecting a more cautious outlook [10]

"This storm has created a life-altering path of destruction from Florida to the Mid-Atlantic – especially here in our home state of North Carolina," said Marvin Ellison, Lowe's chairman and CEO. "Our thoughts and prayers go out to everyone affected, and I am extremely grateful for our associates and first responders who are working tirelessly to serve these communities. We will continue to help meet our communities' urgent needs and help our neighbors during the long road to recovery ahead."This week, Lowe' ...