Lowe's Q2 Earnings Preview: Analysts Stress 'Critical' Margin Performance As Investors Focus On Housing Market, Home Repair Trends
Portfolio Pulse from Chris Katje
Lowe's is set to release its Q2 earnings report, with analysts focusing on margin performance and consumer spending on home repairs. Analysts expect revenue of $23.91 billion and EPS of $3.97, both lower than last year's figures. Lowe's has a history of beating EPS estimates. Analyst Christopher Horvers from JPMorgan suggests potential guidance cuts but maintains an Overweight rating with a price target increase to $270. Lowe's stock performance will be closely watched, especially in comparison to Home Depot's recent results.
August 19, 2024 | 5:50 pm
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NEUTRAL IMPACT
Home Depot's recent earnings report showed a slight sales growth but missed estimates. Lowe's upcoming report will be compared to Home Depot's performance, influencing investor sentiment.
Home Depot is mentioned as a peer to Lowe's, with its recent earnings performance providing a benchmark for Lowe's upcoming report. This comparison will influence investor sentiment towards both companies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Lowe's Q2 earnings report is expected to show a decline in revenue and EPS compared to last year. Analysts are focusing on margin performance and potential guidance cuts. The stock's reaction will depend on these factors and comparisons to Home Depot.
Lowe's is directly impacted as the article discusses its upcoming earnings report, expected revenue and EPS, and analyst opinions. The focus on margin performance and potential guidance cuts are critical for the stock's short-term movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100