Just a day after competitor Home Depot (HD) had its turn in the earnings confessional, Lowe's Companies Inc (NYSE:LOW) revealed a top- and bottom-line win for the fourth quarter amid improving sales.
Just a day after competitor Home Depot (HD) had its turn in the earnings confessional, Lowe's Companies Inc (NYSE:LOW) revealed a top- and bottom-line win for the fourth quarter amid improving sales.
Lowe's (LOW) came out with quarterly earnings of $1.93 per share, beating the Zacks Consensus Estimate of $1.83 per share. This compares to earnings of $1.77 per share a year ago.
Michael Baker, D.A. Davidson senior research analyst, joins 'Squawk Box' to break down Lowe's quarterly earnings results.
Lowe's reported quarterly results that beat expectations but gave a downbeat full-year outlook a day after rival Home Depot did the same.
Lowe's beat Wall Street's fourth-quarter earnings and revenue expectations and forecast modest growth in the year ahead. The company's better-than-expected performance comes after rival Home Depot snapped an eight-quarter losing streak for comparable sales.
Lowe's Companies, Inc. LOW will release its fourth-quarter financial results before the opening bell on Wednesday, Feb. 26.
Lowe's continues to face challenges in its DIY home improvement segment, a primary area of concern.
Beyond analysts' top -and-bottom-line estimates for Lowe's (LOW), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended January 2025.
Lowe's Q4 earnings report on February 26th is crucial, with analysts expecting an EPS of $1.83 and $18.25B in sales amid a negative trend. Despite maintaining high operating margins, LOW is facing worsening fundamentals, such as home sales and consumer borrowing costs, which could potentially prolong its sales decline. Since 2023, Lowe's has benefited from reduced supply side cost pressures, but that may soon reverse as inflation continues to increase and may accelerate with tariffs.
In the most recent trading session, Lowe's (LOW) closed at $258.47, indicating a +0.48% shift from the previous trading day.
Lowe's (LOW) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.