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
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Miss*
$20.81 bln
$20.82 bln (25 Analysts)
Q3 Adjusted EPS
Beat
$3.06
$2.97 (27 Analysts)
Q3 EPS
$2.88
Q3 Net Income
$1.62 bln
Q3 Comparable Sales GROWTH
0.40%
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.)