Lowe's (LOW - Free Report) closed at $104.70 in the latest trading session, marking a -1.82% move from the prior day. This move was narrower than the S&P 500's daily loss of 2.41%. Elsewhere, the Dow lost 2.38%, while the tech-heavy Nasdaq lost 3.41%.
Prior to today's trading, shares of the home improvement retailer had lost 7.37% over the past month. This has lagged the Retail-Wholesale sector's loss of 0.45% and the S&P 500's loss of 0.08% in that time.
Wall Street will be looking for positivity from LOW as it approaches its next earnings report date. This is expected to be May 22, 2019. The company is expected to report EPS of $1.35, up 13.45% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $17.71 billion, up 2.04% from the year-ago period.
LOW's full-year Zacks Consensus Estimates are calling for earnings of $6.06 per share and revenue of $72.45 billion. These results would represent year-over-year changes of +17.9% and +1.6%, respectively.
Any recent changes to analyst estimates for LOW should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.08% lower. LOW is currently sporting a Zacks Rank of #4 (Sell).
Digging into valuation, LOW currently has a Forward P/E ratio of 17.61. This represents a premium compared to its industry's average Forward P/E of 13.88.
Meanwhile, LOW's PEG ratio is currently 1.24. 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 1.24 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 91, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow LOW in the coming trading sessions, be sure to utilize Zacks.com.