Wall Street's Insights Into Key Metrics Ahead of Lowe's (LOW) Q3 Earnings

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].