Lowe's Q2 earnings beat estimates, but revenue and guidance falls short on lower-than-expected DIY sales

Lowe's (LOW) PT Lowered to $238 at RBC Capital

RBC Capital analyst Steven Shemesh lowered the price target on Lowe's (NYSE: LOW) to $238.00 (from $245.00) while maintaining a Sector Perform rating.

The analyst comments "Continued comp softness and a guidance cut were expected. One could argue that the setup heading into FY'25 (a... More

Lowe's (LOW) PT Lowered to $275 at BofA Securities

BofA Securities analyst Robert F. Ohmes lowered the price target on Lowe's (NYSE: LOW) to $275.00 (from $280.00) while maintaining a Buy rating.

The analyst comments "LOW reported F2Q25 adj. EPS of $4.10, ahead of our $4.00 est. Comps declined -5.1% y/y driven by continued softness... More

Lowe's (LOW) PT Lowered to $280 at Wells Fargo

Wells Fargo analyst Zachary Fadem lowered the price target on Lowe's (NYSE: LOW) to $280.00 (from $290.00) while maintaining a Overweight rating.

The analyst comments "Not a perfect setup; reasons to defend. Macro remains influx & the category isn't improving, but LOW Q2 update found a... More

DA Davidson Reiterates Neutral Rating on Lowe's (LOW)

DA Davidson analyst Michael Baker reiterated a Neutral rating and $240.00 price target on Lowe's (NYSE: LOW).

The analyst comments "LOW missed published comp estimates and guided down. But this was expected as HD did the same last week for their core business. So true... More

Lowe's (LOW) PT Raised to $274 at Jefferies

Jefferies 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

Lowe's (LOW) PT Raised to $269 at Truist Securities

Truist Securities analyst Scot Ciccarelli raised the price target on Lowe's (NYSE: LOW) to $269.00 (from $265.00) while maintaining a Buy rating.

The analyst comments "2Qs comp decline of (5.1%) vs. our (4.3%E), was similar to our in-line/- call; mrgs/EPS held-up well and posted slight... More

Stifel Reiterates Hold Rating on Lowe's (LOW)

Stifel analyst W. Andrew Carter reiterated a Hold rating and $250.00 price target on Lowe's (NYSE: LOW).

The analyst comments "We continue with our Hold rating for LOW shares largely maintaining our outlook including a cautious approach to FY25 with our conviction strengthened... More

Citi Reiterates Neutral Rating on Lowe's (LOW)

Citi analyst Steven Zaccone reiterated a Neutral rating and $240.00 price target on Lowe's (NYSE: LOW).

The analyst comments "LOW reported a 2Q print fairly in-line with expectations following HD earnings last week (i) 2Q EPS beat the Streets estimate by ~4%... More

Telsey Reiterates Market Perform Rating on Lowe's (LOW)

Telsey 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 Cos. (LOW) Tops Q2 EPS by 14c; cuts guidance

Lowe's Cos. (NYSE: LOW) reported Q2 EPS of $4.10, $0.14 better than the analyst estimate of $3.96. Revenue for the quarter came in at $23.59 billion versus the consensus estimate of $23.93 billion.

GUIDANCE:

Lowe's Cos. sees FY2025 EPS of $11.70-$11.90, versus the consensus of... More

Powell's speech, rising US futures, Paramount Global - what's moving markets

Investing.com -- Wall Street looks set to continue its winning streak, helped by substantial inflows, amid optimism that Fed Chair Jerome Powell will point to interest rate cuts ahead at the Jackson Hole symposium at the end of the week.     . 

Confidence is returning to Wall Street as investors prepare for what are expected to be largely dovish comments from Fed Chair Jerome Powell at the U.S. central banks annual economic symposium in Jackson Hole,... More

Lowe's Cos. (LOW) call put ratio 1 call to 1.6 puts into quarter results

Lowe's Cos. (NYSE: LOW) August 23 weekly call option implied volatility is at 51, September is at 26; compared to its 52-week range of 17 to 39 into the expected release of quarter results before the bell on August 20. Call put ratio 1 call to 1.6 puts.

Dow Jones, Nasdaq, S&P 500 weekly preview: Powell's Jackson Hole speech in focus

U.S. stocks climbed on Friday, capping off the strongest week of 2024, as the market rebounded from the sharp downturn seen earlier in August.

The S&P 500 edged up 0.2% to 5,554.25, while the Nasdaq Composite rose 0.21% to 17,631.72. The Dow Jones Industrial Average also gained 96 points, or 0.24%, to close at 40,659.76.

For the week, the S&P 500 surged nearly 3.9%, marking its best performance since November 2023. The Nasdaq advanced 5.2%, and the Dow added 2.9%.

Last week's rally has brought the S&P 500 within 2% of its mid-July record high. Positive data, including stronger-than-expected retail sales and a drop in weekly... More

Lowe's Cos. (LOW) August 23 weekly 240 straddle priced into quarter results

Lowe's Cos. (NYSE: LOW) August 23 weekly 240 straddle priced for a move of 5% into the expected release of quarter results before the bell on August 20.

Lowe's Cos. (LOW) option IV elevated into quarter results and outlook

Lowe's Cos. (NYSE: LOW) August 23 weekly call option implied volatility is at 44, September is at 28; compared to its 52-week range of 17 to 39 into the expected release of quarter results before the bell on August 20.

Lowe's Cos. (LOW) August weekly 237 straddle into quarter results

Lowe's Cos. (NYSE: LOW) August weekly 237 straddle priced for a move of 5.5% into the expected release of quarter results before the bell on August 20.