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Lowe's (LOW) Stock Moves -0.78%: What You Should Know
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The most recent trading session ended with Lowe's (LOW - Free Report) standing at $270.11, reflecting a -0.78% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.92%. At the same time, the Dow lost 0.96%, and the tech-heavy Nasdaq lost 1.6%.
The home improvement retailer's shares have seen an increase of 2.32% over the last month, surpassing the Retail-Wholesale sector's gain of 1.69% and falling behind the S&P 500's gain of 2.68%.
The investment community will be closely monitoring the performance of Lowe's in its forthcoming earnings report. The company is scheduled to release its earnings on November 19, 2024. The company is expected to report EPS of $2.80, down 8.5% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $19.85 billion, indicating a 3.03% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.91 per share and a revenue of $82.91 billion, representing changes of -9.77% and -4.01%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Lowe's. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.13% decrease. Lowe's presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Lowe's is holding a Forward P/E ratio of 22.85. This represents a premium compared to its industry's average Forward P/E of 19.88.
It is also worth noting that LOW currently has a PEG ratio of 2.24. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Building Products - Retail stocks are, on average, holding a PEG ratio of 3.63 based on yesterday's closing prices.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 187, finds itself in the bottom 26% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Lowe's (LOW) Stock Moves -0.78%: What You Should Know
The most recent trading session ended with Lowe's (LOW - Free Report) standing at $270.11, reflecting a -0.78% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.92%. At the same time, the Dow lost 0.96%, and the tech-heavy Nasdaq lost 1.6%.
The home improvement retailer's shares have seen an increase of 2.32% over the last month, surpassing the Retail-Wholesale sector's gain of 1.69% and falling behind the S&P 500's gain of 2.68%.
The investment community will be closely monitoring the performance of Lowe's in its forthcoming earnings report. The company is scheduled to release its earnings on November 19, 2024. The company is expected to report EPS of $2.80, down 8.5% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $19.85 billion, indicating a 3.03% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.91 per share and a revenue of $82.91 billion, representing changes of -9.77% and -4.01%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Lowe's. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.13% decrease. Lowe's presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Lowe's is holding a Forward P/E ratio of 22.85. This represents a premium compared to its industry's average Forward P/E of 19.88.
It is also worth noting that LOW currently has a PEG ratio of 2.24. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Building Products - Retail stocks are, on average, holding a PEG ratio of 3.63 based on yesterday's closing prices.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 187, finds itself in the bottom 26% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.