Recap: Lowe's Companies Q3 Earnings

Shares of Lowe's Companies LOW decreased 6.8% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 40.43% year over year to $1.98, which missed the estimate of $1.99.

Revenue of $22,309,000,000 higher by 28.30% from the same period last year, which beat the estimate of $21,250,000,000.

Outlook

Q4 EPS expected between $1.10 and $1.20.

Q4 revenue expected between $18,431,000,000 and $19,232,000,000.

Details Of The Call

Date: Nov 18, 2020

Time: 09:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/low/mediaframe/41713/indexr.html

Technicals

52-week high: $180.67

52-week low: $60.00

Price action over last quarter: down 6.01%

Company Description

Lowe's is the second- largest home improvement retailer in the world, operating about 1,970 stores throughout the United States and Canada. The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling. Lowe's targets retail do-it-yourself and do-it-for-me customers as well as commercial business clients. We estimate that Lowe's captures a mid-double-digit share of the domestic home improvement market, based on U.S. census estimates for market size.