Picture of Lowes Companies logo

LOW Lowes Companies News Story

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

PREVIEW: Lowe's seen reporting higher rev in results due Wednesday

** Shares of Lowe's Companies LOW.N are up 1.5% on Tuesday following upbeat results from rival Home Depot HD.N, with Lowe's seen reporting higher rev in its own qtrly results due before the bell on Weds

** The home improvement retailer is expected to post Q4 rev of $20.33 bln vs $18.55 bln a yr ago, and adj EPS of $1.94 vs $1.93, per LSEG

** Investor focus may be on what the co says about consumer health, as well as any comments on tariffs

** Earlier this month, Lowe's said it is eliminating about 600 corporate and support roles, representing less than 1% of its total workforce

** Lowe's in November signaled a strong start to Q4, but projected muted annual earnings and sales

** Wall St's median 12-month PT on LOW is $285; the stock was last at $278.50

** LOW has now gained ~15.5% YTD compared with a roughly 0.7% gain in the S&P 500 .SPX

(Reporting by Caroline Valetkevitch )

((caroline.valetkevitch@thomsonreuters.com))

Recent news on Lowes Companies

See all news