We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Lowe's (LOW) Q2 Earnings: Can the Stock Pull a Surprise?
Read MoreHide Full Article
Lowe's Companies, Inc. (LOW - Free Report) is set to release second-quarter fiscal 2017 results on Aug 23. Investor focus will remain on whether this home improvement retailer manages to deliver a positive earnings surprise in the to-be-reported quarter. In the trailing four quarters, the company underperformed the Zacks Consensus Estimate by an average of 1.7%. Let’s see how things are shaping up prior to this announcement.
What to Expect?
The current Zacks Consensus Estimate for second-quarter fiscal 2017 is $1.62, up about 18% from the year-ago period. We noted that the Zacks Consensus Estimate has been stable in the past 30 days. Analysts polled by Zacks anticipate revenues of $19,524 million, reflecting an increase of nearly 7% from the prior-year quarter.
Factors at Play
An improving job picture, gradual recovery in the housing market and merchandising initiatives along with efforts to provide better omni-channel customer experience bode well for Lowe’s. It also remains well positioned to reap the benefits of strategic acquisitions done earlier, such as that of RONA. In an effort to strengthen relationship with pro customers, Lowe's has concluded the acquisition of Maintenance Supply Headquarters, the distributor of maintenance, repair and operations products. However, cannibalization and stiff competition still remain threats.
Lowe's Companies, Inc. Price, Consensus and EPS Surprise
Our proven model shows that Lowe's is likely to beat earnings estimates this quarter. A stock needs to have both a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP for this to happen. Lowe's Earnings ESP of +0.23% and a Zacks Rank #3 make us reasonably confident of an earnings beat. You may uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks with Favorable Combination
Here are some companies you may also want to consider as our model shows that these too have the right combination of elements to post an earnings beat:
Big Lots, Inc. (BIG - Free Report) has an Earnings ESP of +0.72% and a Zacks Rank #2.
GameStop Corp. (GME - Free Report) has an Earnings ESP of +0.31% and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Lowe's (LOW) Q2 Earnings: Can the Stock Pull a Surprise?
Lowe's Companies, Inc. (LOW - Free Report) is set to release second-quarter fiscal 2017 results on Aug 23. Investor focus will remain on whether this home improvement retailer manages to deliver a positive earnings surprise in the to-be-reported quarter. In the trailing four quarters, the company underperformed the Zacks Consensus Estimate by an average of 1.7%. Let’s see how things are shaping up prior to this announcement.
What to Expect?
The current Zacks Consensus Estimate for second-quarter fiscal 2017 is $1.62, up about 18% from the year-ago period. We noted that the Zacks Consensus Estimate has been stable in the past 30 days. Analysts polled by Zacks anticipate revenues of $19,524 million, reflecting an increase of nearly 7% from the prior-year quarter.
Factors at Play
An improving job picture, gradual recovery in the housing market and merchandising initiatives along with efforts to provide better omni-channel customer experience bode well for Lowe’s. It also remains well positioned to reap the benefits of strategic acquisitions done earlier, such as that of RONA. In an effort to strengthen relationship with pro customers, Lowe's has concluded the acquisition of Maintenance Supply Headquarters, the distributor of maintenance, repair and operations products. However, cannibalization and stiff competition still remain threats.
Lowe's Companies, Inc. Price, Consensus and EPS Surprise
Lowe's Companies, Inc. Price, Consensus and EPS Surprise | Lowe's Companies, Inc. Quote
What Does the Zacks Model Unveil?
Our proven model shows that Lowe's is likely to beat earnings estimates this quarter. A stock needs to have both a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP for this to happen. Lowe's Earnings ESP of +0.23% and a Zacks Rank #3 make us reasonably confident of an earnings beat. You may uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks with Favorable Combination
Here are some companies you may also want to consider as our model shows that these too have the right combination of elements to post an earnings beat:
Burlington Stores, Inc. (BURL - Free Report) has an Earnings ESP of +3.23% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Big Lots, Inc. (BIG - Free Report) has an Earnings ESP of +0.72% and a Zacks Rank #2.
GameStop Corp. (GME - Free Report) has an Earnings ESP of +0.31% and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>