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Lowe's (LOW) Dips More Than Broader Markets: What You Should Know
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Lowe's (LOW - Free Report) closed the most recent trading day at $99.58, moving -0.13% from the previous trading session. This change lagged the S&P 500's daily loss of 0.04%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq lost 0.48%.
Prior to today's trading, shares of the home improvement retailer had lost 14.56% over the past month. This has lagged the Retail-Wholesale sector's loss of 9.21% and the S&P 500's loss of 4.53% in that time.
Wall Street will be looking for positivity from LOW as it approaches its next earnings report date. This is expected to be November 20, 2018. The company is expected to report EPS of $1.02, down 2.86% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $17.40 billion, up 3.74% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.23 per share and revenue of $71.65 billion. These totals would mark changes of +19.13% and +4.41%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for LOW. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. LOW is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that LOW has a Forward P/E ratio of 19.07 right now. Its industry sports an average Forward P/E of 14.9, so we one might conclude that LOW is trading at a premium comparatively.
Investors should also note that LOW has a PEG ratio of 1.33 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Building Products - Retail was holding an average PEG ratio of 1.33 at yesterday's closing price.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 227, putting it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Lowe's (LOW) Dips More Than Broader Markets: What You Should Know
Lowe's (LOW - Free Report) closed the most recent trading day at $99.58, moving -0.13% from the previous trading session. This change lagged the S&P 500's daily loss of 0.04%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq lost 0.48%.
Prior to today's trading, shares of the home improvement retailer had lost 14.56% over the past month. This has lagged the Retail-Wholesale sector's loss of 9.21% and the S&P 500's loss of 4.53% in that time.
Wall Street will be looking for positivity from LOW as it approaches its next earnings report date. This is expected to be November 20, 2018. The company is expected to report EPS of $1.02, down 2.86% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $17.40 billion, up 3.74% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.23 per share and revenue of $71.65 billion. These totals would mark changes of +19.13% and +4.41%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for LOW. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. LOW is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that LOW has a Forward P/E ratio of 19.07 right now. Its industry sports an average Forward P/E of 14.9, so we one might conclude that LOW is trading at a premium comparatively.
Investors should also note that LOW has a PEG ratio of 1.33 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Building Products - Retail was holding an average PEG ratio of 1.33 at yesterday's closing price.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 227, putting it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.