Is Lowe's (LOW) a Smart Investment Choice Ahead of Q1 Earnings?

As Lowe's Companies, Inc. (LOW) prepares to unveil its first-quarter fiscal 2024 earnings on May 21 before market open, investors are keenly observing the company's performance. With a projected decline in both the top and bottom-line figures, the upcoming earnings release prompts a critical question: should you buy Lowe's ahead of this event?The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $21.1 billion, which suggests a drop of 5.7% from the prior year’s levels. However, ...