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Recap: Lowe's Companies Q1 Earnings

Benzinga Insights

Shares of Lowe's Companies (NYSE:LOW) gained 7% in pre-market trading after the company reported better-than-expected Q1 results.

Quarterly Results

Earnings per share were up 45.08% over the past year to $1.77, which beat the estimate of $1.31.

Revenue of $19,675,000,000 up by 10.90% from the same period last year, which beat the estimate of $18,080,000,000.

Guidance

Lowe's Companies hasn't issued any earnings guidance for the time being.

Lowe's Companies hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: May 20, 2020

View more earnings on LOW

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/8c8bzuro

Price Action

Company's 52-week high was at $126.73

Company's 52-week low was at $60.00

Price action over last quarter: Up 8.30%

Company Profile

Lowe's is the second-largest home improvement retailer in the world, operating just under 2,000 stores throughout the United States and Canada. The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling. Lowe's targets retail do-it-yourself and do-it-for-me customers as well as commercial business clients. We estimate that Lowe's captures a low-double-digit share of the domestic home improvement market, based on U.S. census estimates for market size.

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