Lowe's (LOW) Advances While Market Declines: Some Information for Investors

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]