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On Tuesday, Nov. 20, Lowe's Companies (NYSE:LOW) will release its latest earnings report. Benzinga's outlook for Lowe's is included in the following report.
Earnings and Revenue
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Sell-side analysts expect Lowe's EPS to be near 98 cents on sales of $17.34 billion.
In the same quarter last year, Lowe's reported EPS of $1.05 on revenue of $16.77 billion. If the company were to match the consensus estimate, earnings would be down 6.67 percent. Revenue would be up 3.40 percent from the same quarter last year. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
| EPS Estimate | 2.02 | 1.25 | 0.32 | 1.02 |
| EPS Actual | 2.07 | 1.19 | 0.74 | 1.05 |
Stock Performance
Over the last 52-week period, shares are up 18.99 percent. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release. Over the past 90 days, analysts have adjusted their estimates lower for EPS and revenues. The popular rating by analysts on Lowe's Companies stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. Lowe's Q3 conference call is scheduled to begin at 9:00 a.m. ET and can be accessed here: https://edge.media-server.com/m6/p/x6q2ooo2
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.