— Comparable Sales Decreased 4.1%; Diluted EPS of $3.06 — — Affirms Full Year 2024 Outlook — MOORESVILLE, N.C., May 21, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.8 billion and diluted earnings per share (EPS) of $3.06 for the quarter ended May 3, 2024, compared to diluted EPS of $3.77 in the first quarter of 2023, which included a gain associated with the 2022 sale of the Canadian retail business. Excluding this gain, first quarter 2023 adjusted diluted EPS1 w ...

Analyst Estimates for Q1 2024 Q4 2023 Q1 2023 Revenue $21.12 billion $18.6 billion $22.35 billion Diluted EPS $2.93 $1.77 $3.77 Net Income $1.68 billion $1.02 billion $2.26 billion Key Metric: Big-Ticket Spending Like Home Depot, Lowe's could mention a pullback in "big-ticket spending" in its report, as inflation-weary consumers have become less likely to take on significant home-improvement projects. "Macroeconomic factors like persistent inflation and a stagnant housing market continue to make DIY custome ...

Lowe's Companies (LOW) has effectively navigated the evolving retail landscape through strategic innovation and adaptability, focusing on enhancing customer engagement and streamlining operational efficiencies. Despite facing challenges, such as a decline in comparable sales influenced by broader economic factors, Lowe's proactive strategies, such as the introduction of the MyLowe's Rewards program, and significant investments in technology and infrastructure demonstrate its commitment to maintaining a comp ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-a ...

MOORESVILLE, N.C., May 14, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announced today that it will hold its First Quarter 2024 Earnings Conference Call at 9 a.m. Eastern time on Tuesday, May 21. A webcast will be available by visiting the Quarterly Earnings section of the Lowe's Investor Relations website, ir.lowes.com. Supplemental materials will be available 15 minutes before the start of the conference call. What: First Quarter 2024 Earnings Conference Call When: 9 a.m. EST on Tuesday, May 2 ...

Lowe's (LOW) closed at $232.98 in the latest trading session, marking a -0.87% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.02%. Elsewhere, the Dow saw a downswing of 0.21%, while the tech-heavy Nasdaq appreciated by 0.29%. Shares of the home improvement retailer have appreciated by 1.28% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 1.42% and the S&P 500's gain of 1.29%. The investment community will be closely monitoring ...

Lowe's Companies will announce Its 63rd year of dividend growth in the second half of May. JHVEPhoto This is the latest in my series of articles where I provide predictions of annual dividend increases for long-term dividend growth companies. At the end of April, I provided predictions for 14 dividend growth companies that have historically announced annual payout increases in the first half of May. In this article, I'll look at another 9 dividend growth companies that I expect will announce their annual di ...

Sundry Photography Introduction Lowe's (NYSE:NYSE:LOW) is a US hardware retailer which competes in both the DIY and professional contractor space. Lowe's is the number two player in the home improvement space behind market leader Home Depot (NYSE:HD). Lowe's provides a wide range of home improvement products including plumbing, electrical equipment, garden products etc. The firm operates an omni-channel sales distribution model, offering products in-store, online or through a delivery service for profession ...

Lowe's (LOW) closed at $231.70 in the latest trading session, marking a -0.19% move from the prior day. This move lagged the S&P 500's daily gain of 1.03%. On the other hand, the Dow registered a gain of 0.46%, and the technology-centric Nasdaq increased by 1.19%. Shares of the home improvement retailer witnessed a loss of 3% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 0.23% and the S&P 500's loss of 1.57%. The investment community will be closely monito ...

Lowe's (LOW) closed the latest trading day at $230.94, indicating a +0.47% change from the previous session's end. This change outpaced the S&P 500's 0.32% gain on the day. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 0.35%. Heading into today, shares of the home improvement retailer had lost 9.76% over the past month, lagging the Retail-Wholesale sector's loss of 1.39% and the S&P 500's loss of 2% in that time. Investors will be eagerly watching for ...