Lowe's (LOW) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Lowe's, with a focus on how actual results compare to estimates impacting stock price [1][2]. Company Summary - Lowe's is expected to report quarterly earnings of $4.24 per share, reflecting a year-over-year increase of +3.4% [3]. - Revenue is projected to be $24.01 billion, which is an increase of 1.8% from the same quarter last year [3]. - The consensus EPS estimate has been revised down by 1.36% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Most Accurate Estimate for Lowe's is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.56%, suggesting a bearish outlook from analysts [12]. - Despite the negative Earnings ESP, Lowe's holds a Zacks Rank of 3, making it challenging to predict an earnings beat [12]. Historical Performance - In the last reported quarter, Lowe's exceeded the expected earnings of $2.88 per share by delivering $2.92, resulting in a surprise of +1.39% [13]. - Over the past four quarters, Lowe's has consistently beaten consensus EPS estimates [14]. Industry Comparison - In the Zacks Retail - Home Furnishings industry, Home Depot is expected to report earnings of $4.71 per share, with a year-over-year change of +0.9% and revenues of $45.51 billion, up 5.4% from the previous year [18]. - Home Depot's consensus EPS estimate has been revised down by 0.1% over the last 30 days, but it has a positive Earnings ESP of +0.34%, indicating a higher likelihood of beating the consensus EPS estimate [19].