|Bid||97.99 x 1000|
|Ask||98.18 x 1800|
|Day's Range||97.33 - 98.23|
|52 Week Range||70.76 - 108.98|
|PE Ratio (TTM)||21.35|
|Earnings Date||Aug 22, 2018|
|Forward Dividend & Yield||1.92 (1.94%)|
|1y Target Est||108.79|
Analysts expect Lowe’s Companies (LOW) to post adjusted EPS of $2.02 in the second quarter of 2018, which represents a YoY (year-over-year) growth of 28.7% from $1.57. EPS growth will likely be driven by revenue growth, a lower effective tax rate, and share repurchases, partially offset by a lower EBIT (earnings before interest and tax) margin.
What Can We Expect from Lowe’s Q2 2018 Earnings? Analysts expect Lowe’s Companies (LOW) to post revenue of $20.79 billion, which represents a growth of 6.6% from $19.5 billion in the second quarter of 2017. Revenue growth will likely be driven by the addition of new stores, positive SSSG (same-store sales growth), and the adoption of a new accounting standard.
What Can We Expect from Lowe’s Q2 2018 Earnings? Lowe’s Companies (LOW) is scheduled to announce its earnings for the second quarter of 2019 earnings before the market opens on August 22. As of August 16, Lowe’s was trading at $97.68, which represents a rise of 13.9% since the announcement of its first-quarter earnings on May 23.
Shares of Lowe's (LOW) have slipped over 3% in the last month in a sign that investors might be nervous about the home improvement company. Yet, after a strong report from rival Home Depot (HD), as well as impressive quarters from Walmart (WMT) and other retailers, what should we really expect from Lowe's when it reports its quarterly financial results Wednesday?
Since the announcement of Home Depot’s second-quarter earnings, Jeffries has raised its price target from $218 to $228, while RBC has increased its price target from $216 to $218. The strong second-quarter sales and measures adopted by the company’s management to drive its sales appear to have prompted analysts to raise their price targets.
Of all the valuation multiples, we’ll use the forward PE (price-to-earnings) multiple due to its high visibility in Home Depot’s (HD) future earnings. The forward PE multiple is calculated by dividing the company’s stock price by analysts’ earnings estimates for the next four quarters. Home Depot noted several events that cast a shadow on the company’s future earnings.
An improving job scenario, recovery in housing market and merchandising initiatives along with efforts to enhance omni-channel capabilities bode well for Lowe's (LOW) Q2 earnings.
Home Depot (HD) posted adjusted EPS of $3.04, beating analysts’ expectations of EPS of $2.84. Its EPS growth was driven by revenue growth, expansion of its EBIT margin, a lower effective tax rate, and share repurchases. The company’s SG&A expenses increased due to the adoption of its new accounting standard and increased strategic investments.
A funny thing happened between Aug. 16, 2012, when Apple (NASDAQ:AAPL) initiated a $2.65 quarterly dividend, its first since 1995, and today — Apple became a dividend stock. Since the company paid that first dividend, Apple’s stock shot up 233% and its dividend has grown by 115%, an annualized growth rate of 14%. A big reason Apple initiated its capital allocation program in the first place was to appease investors who felt its growth was slowing and it wasn’t returning enough money to shareholders through dividends and share repurchases.
Analysts expect Home Depot (HD) to post revenues of $110.71 billion in the next four quarters, which represents 6.1% growth from $104.32 billion in the corresponding four quarters of the previous year. After posting strong second-quarter earnings, Home Depot’s (HD) management raised its 2018 revenue growth guidance to 7.0% from an earlier estimate of 6.7%. Home Depot’s revenue growth is expected to be driven by the adoption of its new accounting standard and its positive SSSG (same-store sales growth).
When people think of the American retail industry, J.C. Penney Co. Inc. (NYSE: JCP) often comes to mind. The Texas-based company was founded in 1902 and has become one of the nation’s most preeminent retail names.
Home Depot (HD) posted revenues of $30.46 billion in the second quarter, which represents 8.4% growth from $28.1 billion in the second quarter of 2017. The shifting of its seasonal sales from the first quarter to the second quarter due to extreme winter conditions helped the company outperform analysts’ revenue estimate of $30.03 billion.
Home Depot (HD) posted its second-quarter earnings before the market opened on August 14. The company posted adjusted EPS of $3.05 on revenues of $30.46 billion. Home Depot’s EPS increased 35.6% YoY (year-over-year), and its revenues rose 8.4% YoY.
Bill Ackman, the investor heading up Pershing Square, appears to have had a strong Q2 this year, according to a recent 13F report. The billionaire's 13F portfolio value increased by about 20% for the three-month period ending on June 30th, up to about $5.8 billion. In the process, Ackman increased his position in United Technologies Corp. ( UTX) and entered a new stake in Lowe's Companies Inc. ( LOW).
MOORESVILLE, N.C. , Aug. 15, 2018 /PRNewswire/ -- In conjunction with the Lowe's Companies, Inc. (NYSE: LOW) second quarter 2018 earnings press release, you are invited to listen to its conference call ...
NEW YORK, NY / ACCESSWIRE / August 15, 2018 / Home Depot was little changed on Tuesday despite announcing a raised outlook for 2018 sales and solid second quarter performance. Shares of Lowe’s saw a slight ...
Bill Ackman's Pershing Square Capital Management said in a Tuesday filing with the Securities and Exchange Commission that it has cut its position in Automatic Data Processing Inc. (adp) to 4.2 million shares at the end of June from 8.8 million shares at the end of March. Ackman had built up a stake in ADP as a part of his failed proxy battle, where he attempted to secure three seats on the board. Pershing has built a position in United Technologies Corp. (utx) of 4.5 million shares at the end of June.
Wall Street stocks advanced and the S&P 500 was on track for its best day in three weeks on Tuesday as a rebound in the Turkish lira eased contagion fears and a string of healthy earnings boosted investor optimism. Gains were widespread as the S&P 500 and the Dow Jones Industrial Average looked set to end their four-day losing streaks. The Turkish lira recovered some ground after plunging to an all-time low on Monday as the country's central bank took steps to ease pressure on the currency.
The earnings season, however, is one of the periods where we can actually concentrate on company profits and loss statements. Today, Home Depot (NYSE:HD) delivered a strong earnings report and investors reacted positively to the headline in after-hours trading. Another trend in investing these days is that Wall Street punishes company stocks even if they beat expectations but disappoint on the forward guidance.
Shares of home improvement giants Lowe’s Companies, Inc. (NYSE: LOW ) and Home Depot Inc. (NYSE: HD ) are rising. Lowe’s plans to release earnings data later this month, and Home Depot’s results are indicative ...
Synchrony (NYSE: SYF) and Lowe’s (NYSE: LOW) today announced a multi-year extension of their strategic partnership highlighting Synchrony’s commitment to offer Lowe’s customers enhanced purchasing options and valuable benefits. As part of the extension, Synchrony will continue to manage and service the consumer and commercial credit card programs for Lowe’s customers at the retailers’ more than 1,740 U.S. stores, as well as on Lowes.com.
Housing sales may have been down lately, but home-improvement companies are rocking. "Housing turnover of new and existing homes is at about 5% or 6%," Joe Feldman, an analyst at Tesley told TheStreet on Monday, Aug. 13. Shares of Home Depot, the leader in the sector, closed slightly down on Monday to $194.14.
Home buyers struggle to find footing in real estate climate. Yahoo Finance's s Seana Smith chats with HGTV Star and Liberty Mutual Consultant Chip Wade about what home owners, and those looking to buy, should do.