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Lowe's (LOW) Stock Moves -0.57%: What You Should Know
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Lowe's (LOW - Free Report) closed at $219.64 in the latest trading session, marking a -0.57% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.7%. At the same time, the Dow lost 0.54%, and the tech-heavy Nasdaq lost 1.17%.
Coming into today, shares of the home improvement retailer had lost 3.71% in the past month. In that same time, the Retail-Wholesale sector gained 5.69%, while the S&P 500 gained 2.35%.
Lowe's will be looking to display strength as it nears its next earnings release, which is expected to be August 22, 2023. In that report, analysts expect Lowe's to post earnings of $4.49 per share. This would mark a year-over-year decline of 3.85%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $25 billion, down 9% from the year-ago period.
LOW's full-year Zacks Consensus Estimates are calling for earnings of $13.37 per share and revenue of $87.85 billion. These results would represent year-over-year changes of -3.74% and -9.48%, respectively.
Any recent changes to analyst estimates for Lowe's should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. Lowe's is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Lowe's currently has a Forward P/E ratio of 16.53. This represents a premium compared to its industry's average Forward P/E of 11.98.
Also, we should mention that LOW has a PEG ratio of 1.45. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Building Products - Retail stocks are, on average, holding a PEG ratio of 2.52 based on yesterday's closing prices.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 20, which puts it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow LOW in the coming trading sessions, be sure to utilize Zacks.com.
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Lowe's (LOW) Stock Moves -0.57%: What You Should Know
Lowe's (LOW - Free Report) closed at $219.64 in the latest trading session, marking a -0.57% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.7%. At the same time, the Dow lost 0.54%, and the tech-heavy Nasdaq lost 1.17%.
Coming into today, shares of the home improvement retailer had lost 3.71% in the past month. In that same time, the Retail-Wholesale sector gained 5.69%, while the S&P 500 gained 2.35%.
Lowe's will be looking to display strength as it nears its next earnings release, which is expected to be August 22, 2023. In that report, analysts expect Lowe's to post earnings of $4.49 per share. This would mark a year-over-year decline of 3.85%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $25 billion, down 9% from the year-ago period.
LOW's full-year Zacks Consensus Estimates are calling for earnings of $13.37 per share and revenue of $87.85 billion. These results would represent year-over-year changes of -3.74% and -9.48%, respectively.
Any recent changes to analyst estimates for Lowe's should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. Lowe's is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Lowe's currently has a Forward P/E ratio of 16.53. This represents a premium compared to its industry's average Forward P/E of 11.98.
Also, we should mention that LOW has a PEG ratio of 1.45. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Building Products - Retail stocks are, on average, holding a PEG ratio of 2.52 based on yesterday's closing prices.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 20, which puts it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow LOW in the coming trading sessions, be sure to utilize Zacks.com.