Lowe's Companies Affirms FY24 Outlook; Total Sales Of $84B-$85B (Est $84.434B), EPS Of $12.00 - $12.30 (Est $12.19)
Portfolio Pulse from Benzinga Newsdesk
Lowe's Companies has affirmed its FY24 outlook, projecting total sales between $84 billion and $85 billion, and diluted EPS between $12.00 and $12.30. The company expects comparable sales to decline by 2-3% compared to the prior year.
May 21, 2024 | 10:07 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Lowe's Companies has affirmed its FY24 outlook, projecting total sales between $84 billion and $85 billion, and diluted EPS between $12.00 and $12.30. The company expects comparable sales to decline by 2-3% compared to the prior year.
Lowe's affirmation of its FY24 outlook provides clarity on its financial expectations. The projected sales and EPS are in line with estimates, but the expected decline in comparable sales may be a concern for investors. Overall, the news is neutral as it confirms existing expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100