Recap: Lowe's Companies Q3 Earnings
Portfolio Pulse from Benzinga Insights
Lowe's Companies (NYSE:LOW) reported Q3 earnings with an EPS of $3.06, slightly beating the estimate of $3.03 by 0.99%. However, revenue decreased by $3.01 billion compared to the same period last year. In the previous quarter, a beat on EPS resulted in a 0.64% share price increase the following day. Historical data shows varied performance in past quarters.
November 21, 2023 | 11:05 am
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NEUTRAL IMPACT
Lowe's Companies reported a slight beat on Q3 EPS estimates but saw a significant drop in revenue compared to last year. Historical data suggests a potential for a modest stock price increase following the earnings beat.
While Lowe's beat the EPS estimate, the decrease in revenue could concern investors, potentially offsetting the positive impact of the earnings beat. Historical performance indicates a slight positive reaction to earnings beats, but the significant revenue drop may temper any potential stock price increase.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100