93.25 0.00 (0.00%)
After hours: 5:24PM EST
|Bid||93.01 x 800|
|Ask||93.48 x 800|
|Day's Range||92.01 - 93.47|
|52 Week Range||79.11 - 117.70|
|Beta (3Y Monthly)||2.03|
|PE Ratio (TTM)||19.62|
|Earnings Date||Nov 20, 2018|
|Forward Dividend & Yield||1.92 (1.98%)|
|1y Target Est||118.07|
Is now the time to think about buying Lowe's stock? Let's take a look at its Q3 outlook and some fundamentals to find out.
For the third quarter, analysts are expecting Lowe’s Companies (LOW) to post EPS of $0.98, which represents a fall of 6.7% from $1.05 in the corresponding quarter of 2017. The adoption of a new revenue recognition standard and the company’s decision to exit its Orchard Supply Hardware business is expected to lower Lowe’s EBIT margin from 9.2% in the third quarter of 2017 to 6.9%. Analysts expect the company’s effective tax rate to fall from 37.1% in the third quarter of 2017 to 25.5% due to the enactment of tax reforms.
Advanced Micro Devices (NASDAQ:AMD) and Bank of America (NYSE:BAC) led the way. AMD finished the session 3.3% higher as investors once again rushed back to the bullish side of the spectrum, though for the record, Advanced Micro Devices was down more than 6% in after-hours trading after rival Nvidia (NASDAQ:NVDA) posted disappointing third-quarter results. BofA was up 2.5% mostly because the market’s rising tide lifted banks first and foremost.
Analysts expect Lowe’s Companies (LOW) to post revenue of $17.4 billion in the third quarter, which represents an increase of 3.5% from $16.77 billion in the corresponding quarter of 2017. The revenue growth is expected to be driven by positive SSSG (same-store sales growth), the addition of new stores, and the adoption of a new revenue recognition standard. At the end of the second quarter of 2018, Lowe’s operated 2,155 stores compared to 2,144 in the third quarter of 2017.
Lowe’s Companies (LOW) plans to report its third-quarter earnings before the market opens on November 20. As of November 15, the company was trading at a stock price of $93.68, which represents a fall of 6.1% since the announcement of its third-quarter earnings on August 22. In the second quarter, Lowe’s had posted adjusted EPS of $2.07 on revenue of $20.89 billion, outperforming analysts’ EPS expectation of $2.02 and revenue estimate of $20.78 billion.
Lowe (LOW)'s shares appreciated 21% during the third quarter as investors responded enthusiastically to new CEO Marvin Ellison's initial commentary regarding Lowe's significant long-term potential. On his first earnings call, Mr. Ellison provided detailed examples that highlighted the opportunities for improvement and outlined a list of short and long-term initiatives to enhance the company's operational performance. Since then, Mr. Ellison has completed the hiring of his executive team and announced the closure of 50 underperforming stores (~2% of total stores).
PSH has continued to make significant progress in the year to date. NAV per share has increased by 9.7%, compared with the S&P 500's year-to- date performance of 3.5%. This outperformance has been driven primarily by our investments in ADP, Lowe's, Starbucks, and Chipotle, which we describe in detail below.
Of the 34 analysts that cover Home Depot (HD) stock, 76.5% have given it “buys,” while the remaining 23.5% have given it “holds.” No analysts have given the stock “sell” ratings. On average, analysts have a 12-month price target of $208.28 on the stock, which represents a potential upside of 16.4% from its current price of $179.0. Since the announcement of Home Depot’s fiscal 2018 third-quarter earnings results, Telsey Advisory Group, Wells Fargo, and Baird have all lowered their price targets on its stock.
In the third quarter of fiscal 2018, Home Depot (HD) posted adjusted EPS of $2.51, a rise of 34.2% from $1.87 in the corresponding quarter of fiscal 2017.
In the third quarter of fiscal 2018, Home Depot (HD) posted a net margin of 10.9% compared to 8.8% in the corresponding quarter of the previous year. The expansion in the company’s net margin was driven by its higher gross margin, its lower D&A (depreciation and amortization) and interest expenses, and a fall in its effective tax rate. Home Depot’s gross margin improved 0.2% due to its adoption of a new accounting standard that contributed 0.47%.
Home Depot’s revenue growth was driven by the net addition of new stores, positive SSSG (same-store sales growth) of 4.8%, and its adoption of a new revenue recognition standard. Home Depot posted positive SSSG in all of its regions except the Gulf region, which was negatively impacted by a comparison to hurricane-related sales in the corresponding quarter of the previous year.
Do-it-yourself home improvement retailer Home Depot Inc (NYSE: HD) reported third-quarter results Tuesday morning its which came in better than expected while management lifted its full year sales and profit forecast. Argus Research Company's Chris Graja maintains a Buy rating on Home Depot's stock with an unchanged $220 price target. UBS' Michael Lasser maintains at Buy, price target lowered from $225 to $220.
Lowe's (LOW) Q3 performance is likely to gain from sturdy comps. However, efforts to rationalize inventory, adverse product mix shifts and higher transportation costs raise concerns.
Home Depot earnings rose 36%, easily beating estimates. The home improvement chain edged past views. The Dow Jones component opened lower.
Home Depot (NYSE:HD) is the largest home improvement retailer in the U.S., which also means HD stock is linked closely with the housing market. Basically, this sector and HD stock are under a bit of pressure now, as the construction season is slowing down due to colder weather and e-commerce is eating into the companies’ broader offerings, like cleaning products, tools, etc. This explains why HD stock is now in the red about 4% year-to-date.
Lowe's (LOW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MOORESVILLE, N.C. , Nov. 13, 2018 /PRNewswire/ -- In conjunction with the Lowe's Companies, Inc. (NYSE: LOW) third quarter 2018 earnings press release, you are invited to listen to its conference call ...
U.S. stock futures rose on Tuesday, as strong earnings from Home Depot Inc and a rebound in technology stocks put Wall Street on track to end a three-day run of losses. Shares of Home Depot rose 3.5 percent in premarket trading after the No.1 home improvement chain reported a better-than-expected rise in sales at established U.S. stores. The report comes in a week that is heavy on retail earnings, from companies including Walmart Inc and Macy's Inc, that could show how rising wages in the United States are eating into margins.
Can Williams-Sonoma Outperform Analysts’ Expectations in Q3? Of the 25 analysts that follow Williams-Sonoma (WSM), 4.0% are favoring a “buy” rating, 80% are favoring a “hold” rating, and 16.0% are favoring a “sell” rating. On average, analysts have a 12-month price target of $62, which represents a downward potential of 3.1% from its stock price of $64.0.
are battling for retail home improvement market share largely unchallenged by third parties. Both stocks are falling today as macro pressures from the Federal Reserve and mortgage data weigh on market sentiment, but at the same time each company is trying to position itself as the pre-eminent player in retail home improvement. One of the largest developments that both companies will need to address is the bankruptcy of what was once the nation's largest retailer in Sears.
Home Depot (NYSE:HD) stock has been unfairly punished, if you ask me. The retailer continues to beat expectations and is churning out some of the best growth in the industry. Despite that, though, HD stock has been pummeled during the recent selloff — Lowe’s (NYSE:LOW) too. What gives?
Can Williams-Sonoma Outperform Analysts’ Expectations in Q3? Analysts expect Williams-Sonoma (WSM) to post EPS of $0.94, which represents an increase of 9.7% from $0.86 in the corresponding quarter of the previous year. Williams-Sonoma’s EPS growth is expected to be driven by revenue growth, a lower effective tax rate, and share repurchases, partially offset by lower EBIT margins.
Can Williams-Sonoma Outperform Analysts’ Expectations in Q3? Analysts expect Williams-Sonoma (WSM) to post revenue of $1.37 billion in the third quarter, which represents an increase of 5.2% from $1.30 billion in the third quarter of 2017. Williams-Sonoma’s revenue growth will likely be driven by growth in both retail and e-commerce sales and the adoption of a new accounting standard.