Lowe's on Tuesday cut its full-year forecast, as the home improvement retailer's quarterly sales declined and it said it expects spending on do-it-yourself projects to weaken.The company said it now expects total sales of between $82.7 to $83.2 billion for the full year, compared with the $84 billion to $85 billion that it previously expected. It said it expects comparable sales to fall by 3.5% to 4%, compared to its prior forecast of a decline of 2% to 3%. It anticipates adjusted earnings per share will be ...

— Diluted EPS of $4.17; Adjusted Diluted EPS1 of $4.10 —— Comparable Sales Decreased 5.1% — — Updates Full Year 2024 Outlook —MOORESVILLE, N.C., Aug. 20, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $2.4 billion and diluted earnings per share (EPS) of $4.17 for the quarter ended Aug. 2, 2024, compared to diluted EPS of $4.56 in the second quarter of 2023. During the second quarter, the Company recognized a $43 million pre-tax gain associated with the 2022 sale of th ...

Lowe's Companies, Inc. LOW is set to release earnings results for its second quarter, before the opening bell on Tuesday, Aug. 20.Analysts expect the Mooresville, North Carolina-based company to report quarterly earnings at $3.97 per share, down from $4.56 per share in the year-ago period. Lowe's projects to report quarterly revenue of $23.91 billion for the quarter, according to data from Benzinga Pro.On Aug. 14, Telsey Advisory Group analyst Joseph Feldman maintained Lowe’s Companies with a Market Perform ...

CHINA - 2024/07/27: In this photo illustration, Lowe's logo is displayed on a smartphone with a ... [+] laptop keyboard background. (Photo Illustration by Serene Lee/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 second-quarter results on Tuesday, August 20. We expect the company’s stock to likely see little to no movement with revenue and earnings matching market expectations in the fiscal s ...

Lowe’s Companies, Inc. LOW is set to release earnings results for its second quarter, before the opening bell on Tuesday, Aug. 20.Analysts expect the Mooresville, North Carolina-based company to report quarterly earnings at $3.97 per share, down from $4.56 per share in the year-ago period. Lowe’s projects to report quarterly revenue of $23.91 billion for the quarter, according to data from Benzinga Pro.With the recent buzz around Lowe’s, some investors may be eyeing potential gains from the company's divide ...

Klaus Vedfelt Introduction It's been quite a while since I last covered Lowe's Companies, Inc. (NYSE:LOW), the second-largest home improvement retailer in the U.S. (and globally), behind The Home Depot, Inc. (HD). I compared the two retailers for the first time in early 2023 and highlighted four key implications of interest rates on the U.S. home improvement industry in May 2023. My last article on Lowe's was published last November, when I still rated LOW stock a solid buy. Since then, the stock has return ...

Wall Street analysts expect Lowe's (LOW) to post quarterly earnings of $3.96 per share in its upcoming report, which indicates a year-over-year decline of 13.2%. Revenues are expected to be $23.92 billion, down 4.2% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's earnings r ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Lowe's (LOW) reports results for the quarter ended July 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on August 20, 2024, might help the stock move higher if these key numbers are better than expectations. ...

MOORESVILLE, N.C., Aug. 13, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announced today that it will hold its Second Quarter 2024 Earnings Conference Call at 9 a.m. Eastern time on Tuesday, Aug. 20. 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: Second Quarter 2024 Earnings Conference CallWhen: 9 a.m. EST on Tuesday, Aug ...

As Lowe's Companies, Inc. (LOW) prepares to unveil its second-quarter fiscal 2024 earnings on Aug 20 before the opening bell, 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: 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 $24 billion, which suggests ...