Lowe's Companies Sees FY23 Adjusted EPS Of $13.00 Versus Prior Guidance Of $13.20-$13.60 Versus Consensus Of $13.33
Portfolio Pulse from Benzinga Newsdesk
Lowe's Companies has revised its FY23 adjusted EPS guidance downward to $13.00 from the previous range of $13.20-$13.60, which is below the consensus estimate of $13.33.
November 21, 2023 | 11:05 am
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Lowe's Companies has lowered its FY23 adjusted EPS guidance, which may lead to negative investor sentiment and a potential decrease in stock price in the short term.
The downward revision of Lowe's EPS guidance is a direct indicator of potential underperformance compared to previous expectations. This typically results in negative investor sentiment and can lead to a decrease in stock price as market participants adjust their valuation models to account for the lower expected earnings.
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