We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Lowe's (LOW) Stock Dips While Market Gains: Key Facts
Read MoreHide Full Article
In the latest market close, Lowe's (LOW - Free Report) reached $262.97, with a -1.87% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.16%. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw an increase of 0.78%.
Heading into today, shares of the home improvement retailer had lost 1.06% over the past month, lagging the Retail-Wholesale sector's loss of 0.07% and the S&P 500's gain of 1.67% in that time.
The investment community will be paying close attention to the earnings performance of Lowe's in its upcoming release. The company is slated to reveal its earnings on November 19, 2024. On that day, Lowe's is projected to report earnings of $2.80 per share, which would represent a year-over-year decline of 8.5%. At the same time, our most recent consensus estimate is projecting a revenue of $19.85 billion, reflecting a 3.03% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $11.91 per share and a revenue of $82.91 billion, signifying shifts of -9.77% and -4.01%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Lowe's. Such recent modifications usually signify the changing landscape of near-term business trends. 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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Lowe's is carrying a Zacks Rank of #3 (Hold).
Investors should also note Lowe's's current valuation metrics, including its Forward P/E ratio of 22.49. This expresses a premium compared to the average Forward P/E of 20.23 of its industry.
One should further note that LOW currently holds a PEG ratio of 2.2. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Building Products - Retail industry was having an average PEG ratio of 3.64.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 201, putting it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Lowe's (LOW) Stock Dips While Market Gains: Key Facts
In the latest market close, Lowe's (LOW - Free Report) reached $262.97, with a -1.87% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.16%. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw an increase of 0.78%.
Heading into today, shares of the home improvement retailer had lost 1.06% over the past month, lagging the Retail-Wholesale sector's loss of 0.07% and the S&P 500's gain of 1.67% in that time.
The investment community will be paying close attention to the earnings performance of Lowe's in its upcoming release. The company is slated to reveal its earnings on November 19, 2024. On that day, Lowe's is projected to report earnings of $2.80 per share, which would represent a year-over-year decline of 8.5%. At the same time, our most recent consensus estimate is projecting a revenue of $19.85 billion, reflecting a 3.03% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $11.91 per share and a revenue of $82.91 billion, signifying shifts of -9.77% and -4.01%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Lowe's. Such recent modifications usually signify the changing landscape of near-term business trends. 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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Lowe's is carrying a Zacks Rank of #3 (Hold).
Investors should also note Lowe's's current valuation metrics, including its Forward P/E ratio of 22.49. This expresses a premium compared to the average Forward P/E of 20.23 of its industry.
One should further note that LOW currently holds a PEG ratio of 2.2. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Building Products - Retail industry was having an average PEG ratio of 3.64.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 201, putting it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.