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Lowe's (LOW) Gains But Lags Market: What You Should Know
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Lowe's (LOW - Free Report) closed the most recent trading day at $113.54, moving +0.1% from the previous trading session. This move lagged the S&P 500's daily gain of 0.88%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, added 1.32%.
Prior to today's trading, shares of the home improvement retailer had gained 6.98% over the past month. This has outpaced the Retail-Wholesale sector's gain of 4.72% and the S&P 500's gain of 3.96% in that time.
Investors will be hoping for strength from LOW as it approaches its next earnings release. In that report, analysts expect LOW to post earnings of $1.36 per share. This would mark year-over-year growth of 14.29%. Meanwhile, our latest consensus estimate is calling for revenue of $17.75 billion, up 2.27% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.06 per share and revenue of $72.48 billion, which would represent changes of +17.9% and +1.64%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for LOW. Recent revisions tend to reflect the latest near-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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. 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 18.71 right now. This valuation marks a premium compared to its industry's average Forward P/E of 13.37.
We can also see that LOW currently has a PEG ratio of 1.32. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Building Products - Retail industry currently had an average PEG ratio of 1.32 as of yesterday's close.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 159, which puts it in the bottom 38% 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) Gains But Lags Market: What You Should Know
Lowe's (LOW - Free Report) closed the most recent trading day at $113.54, moving +0.1% from the previous trading session. This move lagged the S&P 500's daily gain of 0.88%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, added 1.32%.
Prior to today's trading, shares of the home improvement retailer had gained 6.98% over the past month. This has outpaced the Retail-Wholesale sector's gain of 4.72% and the S&P 500's gain of 3.96% in that time.
Investors will be hoping for strength from LOW as it approaches its next earnings release. In that report, analysts expect LOW to post earnings of $1.36 per share. This would mark year-over-year growth of 14.29%. Meanwhile, our latest consensus estimate is calling for revenue of $17.75 billion, up 2.27% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.06 per share and revenue of $72.48 billion, which would represent changes of +17.9% and +1.64%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for LOW. Recent revisions tend to reflect the latest near-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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. 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 18.71 right now. This valuation marks a premium compared to its industry's average Forward P/E of 13.37.
We can also see that LOW currently has a PEG ratio of 1.32. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Building Products - Retail industry currently had an average PEG ratio of 1.32 as of yesterday's close.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 159, which puts it in the bottom 38% 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.