Lowe's Lowdown? Analyst Sees Weaker Sales Than Consensus, Cites Weather Woes

JPMorgan analyst Christopher Horvers lowered estimates for Lowe’s Companies Inc. LOW ahead of the company’s first-quarter earnings release on May 21.The analyst says that based on the industry analysis and data insights, he is cutting first-quarter comparable sales estimates to -2.7%, below the Street’s consensus of -1.7% and the broader buyside expectations (a decline of 2% to 3.5%).Horvers writes that Lowe’s experienced a more significant headwind from unfavorable DIY weather conditions earlier in the qua ...