Lowe's Lowers FY24 Outlook; Total Sales Of $82.7B-$832.B From $84B-$85B Prior Vs. $84.481B Estimate, Adj. EPS Of $11.70-$11.90 From $12.00-$12.30 Prior Vs. $12.22 Estimate
Portfolio Pulse from Benzinga Newsdesk
Lowe's has revised its FY24 outlook, lowering total sales and adjusted EPS estimates. The company now expects total sales between $82.7B and $83.2B, down from $84B to $85B, and adjusted EPS between $11.70 and $11.90, down from $12.00 to $12.30.
August 20, 2024 | 10:04 am
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Lowe's has lowered its FY24 financial outlook, reducing its total sales and adjusted EPS estimates. This revision indicates potential challenges in sales performance and profitability.
Lowe's revised its FY24 outlook, reducing sales and EPS estimates, which suggests potential challenges in achieving previous growth targets. This is likely to negatively impact investor sentiment and put downward pressure on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100