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.
On Wednesday, February 26, 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
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Based on Lowe's management projections, analysts predict EPS of 91 cents on revenue of $16.17 billion.
Lowe's EPS in the same period a year ago totaled 80 cents. Revenue was $15.65 billion. The Wall Street estimate would represent a 13.75% increase in the company's earnings. Revenue would be up 3.34% on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
| EPS Estimate | 1.350 | 2.000 | 1.340 | 0.79 |
| EPS Actual | 1.410 | 2.150 | 1.220 | 0.8 |
Stock Performance
Over the last 52-week period, shares are up 15.66%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release. Over the past 90 days, analysts have generally adjusted their estimates higher for EPS and revenues. Analysts generally rate Lowe's stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Lowe's is scheduled to hold a conference call at 8:00 a.m. ET and can be accessed here: https://lowes.gcs-web.com/events/event-details/q4-2019-lowes-companies-inc-earnings-conference-call
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.