Lowe's Likely To Report Lower Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Lowe's Companies, Inc. (NYSE:LOW) is anticipated to report lower earnings for Q4 before the opening bell on Feb. 27, 2024, with expected earnings of $1.68 per share compared to $2.28 per share a year ago, and projected quarterly revenue of $18.45 billion down from $22.45 billion. The company recently appointed Margi Vagell as executive vice president, supply chain. Analysts have mixed views, with ratings ranging from Market Perform to Overweight and price targets between $215 and $265.
February 27, 2024 | 5:50 am
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Lowe's is expected to report lower Q4 earnings and revenue, with a new executive appointment and mixed analyst ratings.
The expected decrease in earnings and revenue for Lowe's indicates potential short-term negative impact on its stock price. The appointment of a new executive vice president might be seen as a positive move, but the mixed analyst ratings and the recent 0.5% drop in share price suggest uncertainty. The range of analyst price targets indicates differing views on the company's future performance, which could lead to volatility in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100