Lowe's Companies Q4 EPS $1.58 Misses $1.68 Estimate, Sales $18.60B Beat $18.45B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lowe's Companies (NYSE:LOW) reported Q4 earnings of $1.58 per share, missing the $1.68 estimate, and sales of $18.60B, beating the $18.45B estimate. Earnings decreased by 30.7% and sales by 17.13% from the same period last year.
February 27, 2024 | 11:01 am
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Lowe's Q4 earnings missed estimates with a 30.7% decrease from last year, but sales slightly beat expectations despite a 17.13% decrease from the previous year.
Missing the earnings estimate and reporting a significant decrease in earnings from the previous year are negative indicators that are likely to impact investor sentiment negatively in the short term. However, beating the sales estimate might provide some offsetting positive sentiment, but the overall impact is expected to be negative due to the weight of earnings miss and year-over-year declines.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100