Unlocking Q4 Potential of Lowe's (LOW): Exploring Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts forecast that Lowe's will report quarterly earnings of $1.82 per share, reflecting a year-over-year increase of 2.8$18.29 billion [1] Group 1: Earnings Estimates - The consensus EPS estimate has been revised downward by 0.1% over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3] Group 2: Key Metrics - Analysts expect the total number of stores to be 1,747, slightly up from 1,746 in the same quarter last year [5] - The consensus for total sales floor square footage is projected at 194.98 million, down from 195 million year-over-year [5] - The average store size selling square feet is estimated to remain at 112 thousand, unchanged from the previous year [6] Group 3: Stock Performance - Over the past month, Lowe's shares have decreased by 5.7%, contrasting with a 2.2% increase in the Zacks S&P 500 composite [6] - Lowe's currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [6]