Lowe's Companies, Inc. (NYSE:LOW) home improvement retailer, is expected to report second quarter earnings results, before market open, on Wednesday 19th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 2.95 per share.
Looking ahead, the full year income are expected at $ 7.30 per share on the revenues of $ 79073.50 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 73,952.00 million ~ $ 74,312.00 million, where as bottomline are predicted in a range of $ 6.45 ~ $ 6.65 per share
Click Here For More Historical Outlooks Of Lowe's Companies, Inc.
Previous Quarter Performance
Lowe's Companies, Inc. revealed income for the first quarter of $ 1.77 per share, from the revenue of $ 19,675.00 million. The quarterly earnings increased 45.08 percent while revenues raised 10.90 percent compared with the same quarter last year.
Street analysts expected Lowe's Companies, Inc. to report income of $ 1.31 per share on revenue of $ 18076.40 million for the first quarter. The bottom line results beat street analysts by $ 0.46 or 35.11 percent, at the same time, top line results outshined analysts by $ 1,598.60 million or 8.84 percent.
Stock Performance
According to the previous trading day, closing price of LOW was $ 157.91, representing a 163.18 % increase from the 52 week low of $ 60.00 and a 1.68 % decrease over the 52 week high of $ 160.61.
The company has a market capital of $ 119.22 billion and is part of the Consumer Cyclical sector and Home Improvement Stores industry.
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Recent Analyst recommendations
- On 8th July 2020, maintained by Barclays at Overweight rating, with $ 150.00 target price.
Recent Stock Dividend Announcement
On May 28, 2020, the board of directors authorized quarterly dividend of $ 0.55 per share to holders of record as of the close of business on July 22, 2020, with payment date of August 5, 2020 and ex-dividend date on July 21, 2020.
Lowes Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.