Lowe's Earnings: Investors Look For Clues Amid Recession Fears
Portfolio Pulse from AJ Fabino
Lowe's Companies Inc (NYSE:LOW) is set to report its Q1 earnings on Tuesday, with expectations of $3.40 per share on revenues of $21.6 billion. Investors are watching closely as Lowe's and Home Depot's (NYSE:HD) earnings reports are traditionally viewed as a gauge for the overall health of the economy. Home Depot recently issued a mixed earnings report, slashing its outlook due to harsher weather and plummeting lumber prices.
May 22, 2023 | 3:33 pm
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NEUTRAL IMPACT
Lowe's Q1 earnings report is expected to show $3.40 EPS on $21.6 billion revenues. Investors are watching closely as Lowe's and Home Depot's earnings reports are traditionally viewed as a gauge for the overall health of the economy.
Lowe's Q1 earnings report is expected to show $3.40 EPS on $21.6 billion revenues. Investors are watching closely as Lowe's and Home Depot's earnings reports are traditionally viewed as a gauge for the overall health of the economy. The recent mixed report from Home Depot raises concerns, but it is not clear how Lowe's will perform in comparison.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Home Depot recently issued a mixed earnings report, slashing its outlook due to harsher weather and plummeting lumber prices. Lowe's upcoming earnings report may provide further insight into the overall health of the economy.
Home Depot recently issued a mixed earnings report, slashing its outlook due to harsher weather and plummeting lumber prices. This raises concerns about the overall health of the economy, and Lowe's upcoming earnings report may provide further insight. The negative outlook from Home Depot may impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80