Lowe's Lowers FY23 Outlook: Revenue $87B - $89B ($88B - $90B Prior) Vs. $88.57B Estimate, EPS $13.20 - $13.60 ($13.60 - $14.00 Prior) Vs. $13.64 Estimate. Comparable Sales (2%) - (4%) (Flat - (2)% YoY Prior)
Portfolio Pulse from Benzinga Newsdesk
Lowe's has lowered its FY23 outlook, with revenue now expected to be $87B-$89B, down from the previous estimate of $88B-$90B. EPS is also reduced to $13.20-$13.60, compared to the prior range of $13.60-$14.00. Comparable sales are expected to decline by 2%-4%.
May 23, 2023 | 10:04 am
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Lowe's has lowered its FY23 outlook, which may negatively impact its stock price in the short term. Revenue and EPS estimates have been reduced, and comparable sales are expected to decline.
Lowe's has lowered its FY23 outlook, which is likely to negatively impact investor sentiment and the stock price in the short term. The company has reduced its revenue and EPS estimates, and expects a decline in comparable sales, indicating a potential slowdown in growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100