Lowe's Companies Q2 Earnings Preview: What Analysts Are Saying, How Rival Home Depot's Q2 Beat Could Help And Hurt
Portfolio Pulse from Chris Katje
Lowe's Companies (NYSE:LOW) is set to report its Q2 financial results. Analysts expect a revenue of $24.99 billion and earnings per share of $4.49. Lowe's has missed revenue estimates in three of the last five quarters but has beaten earnings per share estimates for the past 10 quarters. Home Depot (NYSE:HD) and Lowe's were both downgraded by Telsey Advisory Group from Outperform to Market Perform. Home Depot recently beat analysts' estimates for revenue and earnings per share, and announced a $15 billion share buyback.
August 21, 2023 | 8:51 pm
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Lowe's is expected to report Q2 revenue of $24.99 billion and earnings per share of $4.49. The company has a mixed track record with revenue estimates but has consistently beaten earnings per share estimates.
The upcoming earnings report is a significant event for Lowe's. While the company has missed revenue estimates in the past, it has consistently beaten earnings per share estimates. This mixed track record makes it difficult to predict the short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Home Depot recently beat analysts' estimates for revenue and earnings per share, and announced a $15 billion share buyback. The company's performance could put pressure on Lowe's.
Home Depot's strong performance and share buyback announcement could put pressure on Lowe's to deliver similarly strong results. This could potentially drive Home Depot's stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80