Picture of Lowes Companies logo

LOW Lowes Companies News Story

0.000.00%
us flag iconLast trade - 00:00
Consumer CyclicalsConservativeLarge CapSuper Stock

Home improvement retailer Lowe's beats Q3 profit estimates, raises 2025 sales forecast

Overview

Lowe's Q3 adjusted EPS beats analyst expectations, reaching $3.06

Company's Q3 sales slightly miss analyst estimates, totaling $20.8 bln

Comparable sales for Q3 increase 0.4%, driven by online and home services growth

Outlook

Lowe's raises full-year 2025 sales forecast to $86.0 bln from $84.5-$85.5 bln

Comparable sales for 2025 expected to remain flat

Adjusted diluted EPS for 2025 forecasted at $12.25

Result Drivers

ONLINE SALES GROWTH - Online sales increased by 11.4%, contributing to the overall growth in comparable sales

ACQUISITION COSTS - $129 mln in pre-tax expenses related to acquisitions impacted EPS

PRO SALES GROWTH - Continued growth in Pro sales supported comparable sales increase

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 SalesSlight Miss*$20.81 bln$20.82 bln (25 Analysts)
Q3 Adjusted EPSBeat$3.06$2.97 (27 Analysts)
Q3 EPS$2.88
Q3 Net Income$1.62 bln
Q3 Comparable Sales GROWTH0.40%
Q3 Operating Income$2.48 bln
*Applies to a deviation of less than 1%; not applicable for per-share numbers. Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy", 12 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the home improvement products & services retailers peer group is "buy" Wall Street's median 12-month price target for Lowe's Companies Inc is $280.00, about 21.6% above its November 18 closing price of $219.57 The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago Press Release: ID:nPnzP32Za For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Lowes Companies

See all news