These Analysts Revise Their Forecasts On Lowe's Following Q3 Earnings

Core Insights - Lowe's Companies, Inc. reported strong third-quarter earnings with adjusted EPS of $3.06, a 5.9% increase year over year, surpassing analyst expectations of $2.97, but sales of $20.813 billion fell short of the anticipated $20.823 billion [1] Financial Performance - The company updated its fiscal 2025 outlook, reducing comparable-sales expectations to 0% from a previous range of 0%–1%, while projecting capital spending of up to $2.5 billion [2] - Lowe's narrowed its fiscal 2025 adjusted EPS guidance to $12.25 from a prior range of $12.20 to $12.45, slightly below the analyst estimate of $12.29, but raised its sales outlook to $86.0 billion from $84.5 billion to $85.5 billion, exceeding expectations of $85.415 billion [3] Stock Performance and Analyst Ratings - Following the earnings announcement, Lowe's shares experienced a slight decline of 0.1%, trading at $228.16 [3] - Analysts have made various adjustments to their price targets for Lowe's, with Bernstein maintaining an Outperform rating and raising the target from $282 to $284, while Telsey Advisory Group lowered its target from $305 to $285, among other adjustments from different analysts [5]