|Bid||0.00 x 1800|
|Ask||0.00 x 21500|
|Day's Range||51.85 - 55.00|
|52 Week Range||45.15 - 73.99|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||17.13|
|Earnings Date||Nov 14, 2018 - Nov 19, 2018|
|Forward Dividend & Yield||1.72 (2.68%)|
|1y Target Est||61.67|
Yahoo Finance's Julie Hyman highlights today's stocks on the move in midday trading.
Williams-Sonoma shares took a hit after the specter of tariffs were raised with its recent earnings announcement.
Investing.com - Retailers were nursing losses heading into the close, led by plunge in Nordstrom and Williams-Sonoma on concerns about soft quarterly earnings and guidance.
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.
A wreck in semiconductor stocks sent the Nasdaq composite down nearly 1% at midday Friday, as the main indexes pared losses, but the rebound faded.
Tech stocks fell sharply early Friday as the Nasdaq composite fell 1.2%, but the index was nicely off lows in afternoon trading.
Nasdaq futures led a sell-off as Nvidia, Applied Materials, Nordstrom and Williams-Sonoma dived on earnings and guidance. Other chip and retail stocks fell in sympathy.
Williams-Sonoma stock (NYSE:WSM) was sinking late in the day Thursday as the company reported its latest quarterly earnings results, which included revenue that was below what the Wall Street consensus was projecting from the company. The appliance maker said that for its third quarter of fiscal 2018, it brought in net income of $81.5 million, or $1 per share. On an adjusted basis when considering one-time items, Williams-Sonoma brought in earnings of 95 cents per share.
Kitchenware and home furnishing retailer Williams-Sonoma, Inc. (NYSE: WSM ) reported mixed third-quarter results Thursday and cautious guidance for the holiday quarter. Here's how the Street reacted to ...
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.