Lowe's Looks to Grow With Pros as Consumer Demand Dwindles
The home improvement market could use some improvement itself. That's the latest from Lowe's Companies Inc. During its second-quarter 2024 earnings call Tuesday (Aug. 20), the company revised its annual forecasts downward, citing a challenging macroeconomic environment dampening consumer spending on home improvement projects.
Lowe's Stock: Hold Now, Buy it When it Dips
Lowe's Companies NYSE: LOW stock is in a holding pattern after the Q2 results revealed operational quality offset by a weakened sales outlook. The critical takeaway is that macroeconomic conditions impact sales while operational quality improves.
US Stocks Mixed; Lowe's Cuts FY24 Forecast
U.S. stocks traded mixed this morning, with the Dow Jones index falling around 80 points on Tuesday.
Lowe's Reports Weak Sales, Cuts Outlook as Consumers Scale Back
Lowe's (LOW) reported weaker-than-expected quarterly sales and lowered its outlook for the full year amid a slowdown in spending on big ticket home improvement projects.
Lowe's (LOW) Q2 Earnings Surpass Estimates
Lowe's (LOW) came out with quarterly earnings of $4.10 per share, beating the Zacks Consensus Estimate of $3.96 per share. This compares to earnings of $4.56 per share a year ago.
Lowe's cuts full-year outlook as it expects home improvement sales to weaken
Lowe's beat second-quarter earnings expectations, but missed on sales and cut its full-year outlook. Lowe's cited "lower-than-expected DIY sales and a pressured macroeconomic environment.
Lowe's stock falls as sales miss expectations and outlook lowered, amid pressure on big-ticket spending
Shares of Lowe's Companies Inc. LOW, +0.85% dropped 1.3% in premarket trading Tuesday, after the home improvement retailer reported fiscal second-quarter total and comparable sales that missed expectations, citing continued pressure on bigger-ticket spending and unfavorable weather. The results come exactly one week after rival Home Depot Inc. HD, +0.28% reported better-than-expected results, and suggested home improvement demand may have bottomed.
Lowe's Earnings Are Imminent; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Lowe's Companies, Inc. LOW is set to release earnings results for its second quarter, before the opening bell on Tuesday, Aug. 20.
Lowe's Poised for Another Challenging Quarter as Home Improvement Demand Falters
Competitor Home Depot has already lowered its fiscal-year guidance and said home improvement demand would remain under pressure.
Up 8% This Year, What Lies Ahead For Lowe's Stock Post Q2 Results?
Lowe's (NYSE: LOW), a home-improvement retailer, is scheduled to report its fiscal second-quarter results on Tuesday, August 20. We expect the company's stock to likely see little to no movement with revenue and earnings matching market expectations in the fiscal second quarter.
How To Earn $500 A Month From Lowe's Stock Ahead Of Q2 Earnings Report
Lowe's Companies, Inc. LOW is set to release earnings results for its second quarter, before the opening bell on Tuesday, Aug. 20.
Lowe's: Critical Valuation Assessment Going Into Q2 Earnings
Lowe's stock has returned 24% since my last coverage, slightly ahead of the S&P 500, which raises the question of whether LOW is a sell now, ahead of Q2 earnings. The home improvement giant will release its results for the second quarter of fiscal 2025 on Tuesday, August 20, 2024 at 9 a.m. Eastern Time. In this update, I share what is currently expected from LOW's Q2 FY2025 earnings and take a look at the company's longer-term track record.
