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Lowe's (LOW) Stock Moves -1.21%: What You Should Know
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Lowe's (LOW - Free Report) closed the most recent trading day at $95.65, moving -1.21% from the previous trading session. This change was narrower than the S&P 500's 1.97% loss on the day. Elsewhere, the Dow lost 2.32%, while the tech-heavy Nasdaq lost 2.78%.
Heading into today, shares of the home improvement retailer had lost 7.11% over the past month, lagging the Retail-Wholesale sector's loss of 1.88% and the S&P 500's loss of 3.33% in that time.
LOW will be looking to display strength as it nears its next earnings release, which is expected to be November 20, 2018. On that day, LOW is projected to report earnings of $0.97 per share, which would represent a year-over-year decline of 7.62%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.33 billion, up 3.36% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.17 per share and revenue of $71.54 billion. These totals would mark changes of +17.77% and +4.26%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for LOW. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.27% lower within the past month. LOW is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, LOW currently has a Forward P/E ratio of 18.72. This valuation marks a premium compared to its industry's average Forward P/E of 11.97.
Also, we should mention that LOW has a PEG ratio of 1.3. 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 1.3 at yesterday's closing price.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Stock Moves -1.21%: What You Should Know
Lowe's (LOW - Free Report) closed the most recent trading day at $95.65, moving -1.21% from the previous trading session. This change was narrower than the S&P 500's 1.97% loss on the day. Elsewhere, the Dow lost 2.32%, while the tech-heavy Nasdaq lost 2.78%.
Heading into today, shares of the home improvement retailer had lost 7.11% over the past month, lagging the Retail-Wholesale sector's loss of 1.88% and the S&P 500's loss of 3.33% in that time.
LOW will be looking to display strength as it nears its next earnings release, which is expected to be November 20, 2018. On that day, LOW is projected to report earnings of $0.97 per share, which would represent a year-over-year decline of 7.62%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.33 billion, up 3.36% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.17 per share and revenue of $71.54 billion. These totals would mark changes of +17.77% and +4.26%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for LOW. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.27% lower within the past month. LOW is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, LOW currently has a Forward P/E ratio of 18.72. This valuation marks a premium compared to its industry's average Forward P/E of 11.97.
Also, we should mention that LOW has a PEG ratio of 1.3. 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 1.3 at yesterday's closing price.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.