Lowe's Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Financial Performance - Lowe's is set to release its fourth-quarter financial results on February 26, with expected earnings of $1.84 per share, an increase from$1.77 per share in the same period last year [1] - The company projects quarterly revenue of $18.29 billion, a slight decrease from$18.6 billion a year earlier [1] Strategic Initiatives - At the 2024 Analyst and Investor Conference, Lowe's introduced a standardized framework to leverage generative AI, aimed at enhancing customer experiences and increasing productivity [2] Stock Performance and Analyst Ratings - Lowe's shares rose by 2.2% to close at $242.39 on a recent Tuesday [2] - Telsey Advisory Group analyst Joseph Feldman maintains an Outperform rating with a price target of$305 [4] - Truist Securities analyst Scott Ciccarelli has a Buy rating and raised the price target from $307 to$308 [4] - RBC Capital analyst Steven Shamesh holds a Sector Perform rating with an increased price target from $291 to$292 [4] - Evercore ISI Group analyst Greg Melich maintains an In-Line rating and raised the price target from $270 to$290 [4] - Wedbush analyst Seth Basham reiterated a Neutral rating with a price target of $250 [4]