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Insights Into Lowe's (LOW) Q2: Wall Street Projections for Key Metrics
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Analysts on Wall Street project that Lowe's (LOW - Free Report) will announce quarterly earnings of $4.22 per share in its forthcoming report, representing a decline of 2.5% year over year. Revenues are projected to reach $26.18 billion, increasing 9.3% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Lowe's metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Number of stores - Total' to come in at 1,762 . Compared to the current estimate, the company reported 1,753 in the same quarter of the previous year.
Analysts forecast 'Sales floor square footage - Total' to reach 196.31 million. Compared to the present estimate, the company reported 196.00 million in the same quarter last year.
The combined assessment of analysts suggests that 'Sales per store' will likely reach $14.84 million. Compared to the current estimate, the company reported $13.67 million in the same quarter of the previous year.
The consensus among analysts is that 'Average store size selling square feet' will reach 111.81 thousand. Compared to the present estimate, the company reported 112.00 thousand in the same quarter last year.
Shares of Lowe's have demonstrated returns of +1% over the past month compared to the Zacks S&P 500 composite's +3.8% change. With a Zacks Rank #4 (Sell), LOW is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Insights Into Lowe's (LOW) Q2: Wall Street Projections for Key Metrics
Analysts on Wall Street project that Lowe's (LOW - Free Report) will announce quarterly earnings of $4.22 per share in its forthcoming report, representing a decline of 2.5% year over year. Revenues are projected to reach $26.18 billion, increasing 9.3% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Lowe's metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Number of stores - Total' to come in at 1,762 . Compared to the current estimate, the company reported 1,753 in the same quarter of the previous year.
Analysts forecast 'Sales floor square footage - Total' to reach 196.31 million. Compared to the present estimate, the company reported 196.00 million in the same quarter last year.
The combined assessment of analysts suggests that 'Sales per store' will likely reach $14.84 million. Compared to the current estimate, the company reported $13.67 million in the same quarter of the previous year.
The consensus among analysts is that 'Average store size selling square feet' will reach 111.81 thousand. Compared to the present estimate, the company reported 112.00 thousand in the same quarter last year.
View all Key Company Metrics for Lowe's here>>>Shares of Lowe's have demonstrated returns of +1% over the past month compared to the Zacks S&P 500 composite's +3.8% change. With a Zacks Rank #4 (Sell), LOW is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .