Lowe's (LOW - Free Report) closed at $89.41 in the latest trading session, marking a -1.69% move from the prior day. This change was narrower than the S&P 500's 2.33% loss on the day. Elsewhere, the Dow lost 2.24%, while the tech-heavy Nasdaq lost 3.05%.
Heading into today, shares of the home improvement retailer had lost 8.57% over the past month, lagging the Retail-Wholesale sector's loss of 1.12% and the S&P 500's loss of 1.93% in that time.
LOW will be looking to display strength as it nears its next earnings release, which is expected to be February 27, 2019. On that day, LOW is projected to report earnings of $0.78 per share, which would represent year-over-year growth of 5.41%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.74 billion, up 1.59% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.11 per share and revenue of $71.40 billion, which would represent changes of +16.4% and +4.06%, respectively, from the prior year.
Any recent changes to analyst estimates for LOW should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate has moved 1.41% lower within the past month. LOW is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, LOW currently has a Forward P/E ratio of 17.81. This valuation marks a premium compared to its industry's average Forward P/E of 12.03.
Meanwhile, LOW's PEG ratio is currently 1.25. 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. Building Products - Retail stocks are, on average, holding a PEG ratio of 1.15 based on yesterday's closing prices.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 30% 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.