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Exploring Analyst Estimates for Lowe's (LOW) Q2 Earnings, Beyond Revenue and EPS
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In its upcoming report, Lowe's (LOW - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $4.24 per share, reflecting an increase of 3.4% compared to the same period last year. Revenues are forecasted to be $23.99 billion, representing a year-over-year increase of 1.7%.
The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Lowe's metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Number of stores - Total' to reach 1,752 . The estimate compares to the year-ago value of 1,746 .
The consensus estimate for 'Sales floor square footage - Total' stands at 195.42 million. The estimate compares to the year-ago value of 195.00 million.
The consensus among analysts is that 'Average store size selling square feet' will reach 112.00 thousand. The estimate is in contrast to the year-ago figure of 112.00 thousand.
Shares of Lowe's have experienced a change of +15.8% in the past month compared to the +3.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), LOW is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Exploring Analyst Estimates for Lowe's (LOW) Q2 Earnings, Beyond Revenue and EPS
In its upcoming report, Lowe's (LOW - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $4.24 per share, reflecting an increase of 3.4% compared to the same period last year. Revenues are forecasted to be $23.99 billion, representing a year-over-year increase of 1.7%.
The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Lowe's metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Number of stores - Total' to reach 1,752 . The estimate compares to the year-ago value of 1,746 .
The consensus estimate for 'Sales floor square footage - Total' stands at 195.42 million. The estimate compares to the year-ago value of 195.00 million.
The consensus among analysts is that 'Average store size selling square feet' will reach 112.00 thousand. The estimate is in contrast to the year-ago figure of 112.00 thousand.
View all Key Company Metrics for Lowe's here>>>Shares of Lowe's have experienced a change of +15.8% in the past month compared to the +3.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), LOW is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .