One of the world’s leading home improvement retailers, Lowe’s is expected to report second-quarter earnings results on Wednesday before the opening bell. A Zacks Rank #4 (Sell) stock, Lowe’s surpassed earnings estimates in each of the past four quarters. With Home Depot posting impressive comparable sales growth this morning, is Lowe’s a buy prior to Wednesday’s release?
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
Analysts anticipate the company to post earnings of $4.22 per share, reflecting a 2.5% decline versus the same quarter in the prior year. Estimates for the quarter have fallen slightly over the past 60 days. Revenues are projected to rise 9.1% to $26.1 billion.
Lowe’s LOW remains well-positioned to drive value creation through its Total Home strategy. The company delivered a 2.3% average earnings surprise over the prior four quarters. Our proprietary Zacks Earnings ESP (Expected Surprise Prediction) indicator does not conclusively predict an earnings beat for the upcoming announcement.
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Lowe's Companies, Inc. (LOW): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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