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Lowe's (LOW) Beats on Q3 Earnings & Revenues, View Intact
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Lowe's Companies Inc. (LOW - Free Report) , one of the largest home improvement retailers, came out with third-quarter fiscal 2017 results, wherein earnings of $1.05 per share surpassed the Zacks Consensus Estimate of $1.02 and also jumped 15.9% year over year.
Management continues to expect earnings in the range of $4.20 to $4.30 per share for fiscal 2017.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has been portraying a slight downtrend in the last 30 days. In the trailing four quarters (excluding the quarter under review), the company has underperformed the Zacks Consensus Estimate by an average of 1.6%.
Revenues: Lowe's generated total revenue of $16,770 million that increased 6.5% year over year and also beat the Zacks Consensus Estimate of $16,568 million. Comparable sales jumped 5.1% during the quarter.
Management continues to expect total sales growth of nearly 5% and comparable sales to increase 3.5% for fiscal 2017.
Lowe's Companies, Inc. Price, Consensus and EPS Surprise
Stock Movement: Lowe’s shares are up nearly 1.2% during pre-market trading hours following the earnings release.
Check back later for our full write up on Lowe’s earnings report!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
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Lowe's (LOW) Beats on Q3 Earnings & Revenues, View Intact
Lowe's Companies Inc. (LOW - Free Report) , one of the largest home improvement retailers, came out with third-quarter fiscal 2017 results, wherein earnings of $1.05 per share surpassed the Zacks Consensus Estimate of $1.02 and also jumped 15.9% year over year.
Management continues to expect earnings in the range of $4.20 to $4.30 per share for fiscal 2017.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has been portraying a slight downtrend in the last 30 days. In the trailing four quarters (excluding the quarter under review), the company has underperformed the Zacks Consensus Estimate by an average of 1.6%.
Revenues: Lowe's generated total revenue of $16,770 million that increased 6.5% year over year and also beat the Zacks Consensus Estimate of $16,568 million. Comparable sales jumped 5.1% during the quarter.
Management continues to expect total sales growth of nearly 5% and comparable sales to increase 3.5% for fiscal 2017.
Lowe's Companies, Inc. Price, Consensus and EPS Surprise
Lowe's Companies, Inc. Price, Consensus and EPS Surprise | Lowe's Companies, Inc. Quote
Zacks Rank: Currently, Lowe's carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Stock Movement: Lowe’s shares are up nearly 1.2% during pre-market trading hours following the earnings release.
Check back later for our full write up on Lowe’s earnings report!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>