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.
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 Companies, Inc. LOW is set to release earnings results for its second quarter, before the opening bell on Tuesday, Aug. 20.
Competitor Home Depot has already lowered its fiscal-year guidance and said home improvement demand would remain under pressure.
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.
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 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.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Lowe's (LOW), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended July 2024.
Lowe's (LOW) reachead $237.64 at the closing of the latest trading day, reflecting a +0.61% change compared to its last close.
Lowe's (LOW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Lowe's (LOW) continues to face challenges in its DIY home improvement segment, a primary area of concern.
Lowe's (LOW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.