Factors Setting The Tone For Lowe's (LOW) In Q1 Earnings
Zacks Investment Research | May 21, 2018 08:04AM ET
Lowe's Companies, Inc. (NYSE:LOW) is scheduled to report first-quarter fiscal 2018 results on May 23. In the preceding quarter, the company’s earnings lagged the Zacks Consensus Estimate by 15.9%. This home improvement retailer failed to beat the consensus mark in the trailing four quarters, the average being a negative 4.9%.
Which Way Are Estimates Treading?
After registering an earnings decline of 14% in the final quarter of fiscal 2017, Lowe's Companies is expected to record year-over-year growth of more than 18% in the first quarter of fiscal 2018. The Zacks Consensus Estimate for the quarter under review is pegged at $1.22 compared with $1.03 reported in the year-ago quarter. Analysts polled by Zacks expect revenues of $17,457 million, up 3.6% year over year.
Factors at Play
An improving job scenario, housing market recovery and merchandising initiatives along with efforts to enhance omni-channel capabilities bode well for Lowe’s. Moreover, the company’s focus on strengthening its relationship with Pro customers is encouraging.
Lowe's Companies, Inc. Price, Consensus and EPS Surprise
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