Lowe's Cos. (LOW) August weekly 237 straddle into quarter results
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Lowe's (LOW) PT Raised to $274 at Jefferies
August 20, 2024 3:20 PM EDTJefferies analyst Jonathan Matuszewski raised the price target on Lowe's (NYSE: LOW) to $274.00 (from $267.00) while maintaining a Buy rating.
The analyst comments "Following 2Q, we continue to see pent-up demand poised to accelerate comp sales and drive fixed cost leverage. As homeowners... More
Telsey Reiterates Market Perform Rating on Lowe's (LOW)
August 20, 2024 7:52 AM EDTTelsey analyst Joseph Feldman reiterated a Market Perform rating and $230.00 price target on Lowe's (NYSE: LOW).
The analyst comments "TAG View: Lowe's reported better-than-expected 2Q24 earnings on solid expense management, but lowered its 2024 guidance on a dimmer view on DIY sales and the macroeconomic backdrop. The company reported 2Q24 adjusted EPS of $4.10, beating our estimate of $3.97 and the FactSet consensus (FS) of $3.96. Note, a lower tax rate than our forecast and the Street helped EPS by ~$0.05. Total sales declined 5.5% to $23.6B, though,... More
Lowe's Q2 earnings beat estimates, but revenue and guidance falls short on lower-than-expected DIY sales
August 20, 2024 6:19 AM EDT(Updated - August 20, 2024 10:03 AM EDT)
Lowe's Cos. (NYSE: LOW) reported second-quarter earnings before the open Tuesday, surpassing analyst expectations, despite a decline in revenue amid challenging macroeconomic conditions. The home improvement retailer's stock bounced around at the start of Tuesday's session but is currently flat on the day.
Lowe's posted adjusted earnings per share of $4.10 for the quarter ended Aug. 2, 2024, exceeding the analyst estimate of $3.96. However, revenue fell short at $23.59 billion, compared to the consensus estimate of $23.93 billion and down from $25.0 billion in the same quarter last year.
Comparable sales... More
