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Lowe's (LOW) Stocks Up on Q4 Earnings & Revenues Beat
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Lowe's Companies Inc. (LOW - Free Report) , one of the largest home improvement retailers, came out with fourth-quarter fiscal 2016 results, wherein adjusted earnings of 86 cents per share surpassed the Zacks Consensus Estimate of 79 cents and also jumped 45.8% year over year.
Management expects earnings of approximately $4.64 per share for fiscal 2017. The current Zacks Consensus Estimate for the fiscal year is $4.52.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has been portraying a downtrend in the last 60 days. In the trailing four quarters (excluding the quarter under review), the company has underperformed the Zacks Consensus Estimate by an average of 2.4%.
Revenues: Lowe's generated total revenue of $15,784 million that increased 19.2% year over year, and came ahead of the Zacks Consensus Estimate of $15,280 million. Comparable sales jumped 5.1% during the quarter.
Management expects 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
Key Events: Lowe's, which operated 2,375 home improvement and hardware outlets as of Feb 3, bought back $551 million of shares under its buyback program and paid $306 million in dividends in the quarter under review.
Stock Movement: Lowe’s shares are up nearly 5% during pre-market trading hours following the earnings release.
Check back later for our full write up on Lowe’s earnings report!
Everything You Need to Know About Snapchat BEFORE It Goes Public
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Lowe's (LOW) Stocks Up on Q4 Earnings & Revenues Beat
Lowe's Companies Inc. (LOW - Free Report) , one of the largest home improvement retailers, came out with fourth-quarter fiscal 2016 results, wherein adjusted earnings of 86 cents per share surpassed the Zacks Consensus Estimate of 79 cents and also jumped 45.8% year over year.
Management expects earnings of approximately $4.64 per share for fiscal 2017. The current Zacks Consensus Estimate for the fiscal year is $4.52.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has been portraying a downtrend in the last 60 days. In the trailing four quarters (excluding the quarter under review), the company has underperformed the Zacks Consensus Estimate by an average of 2.4%.
Revenues: Lowe's generated total revenue of $15,784 million that increased 19.2% year over year, and came ahead of the Zacks Consensus Estimate of $15,280 million. Comparable sales jumped 5.1% during the quarter.
Management expects 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
Key Events: Lowe's, which operated 2,375 home improvement and hardware outlets as of Feb 3, bought back $551 million of shares under its buyback program and paid $306 million in dividends in the quarter under review.
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 5% during pre-market trading hours following the earnings release.
Check back later for our full write up on Lowe’s earnings report!
Everything You Need to Know About Snapchat BEFORE It Goes Public
You may be curious about the buzz surrounding Snap Inc.'s IPO on March 2. With the company expected to be valued around $22 billion, it is expected to be the largest IPO since 2014. But should you snap up this tech stock on Day 1?
In the 2017 IPO Watch List, you'll get an inside look at Snap's exciting prospects and potential challenges. You'll also learn about 4 other exciting tech companies with jaw-dropping growth. Each could go public in the coming months.
Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the latest scoop. Download this IPO Watch List today for free >>