Lowe's (NYSE: LOW ) is expected to report Q1 earnings on May 20. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Lowe's revenues will grow 2.4% and EPS will expand 15.9%.
The average estimate for revenue is $13.47 billion. On the bottom line, the average EPS estimate is $0.51.
Last quarter, Lowe's reported revenue of $11.05 billion. GAAP reported sales were 5.0% lower than the prior-year quarter's $11.63 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.26. GAAP EPS of $0.26 for Q4 were 4.0% higher than the prior-year quarter's $0.25 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 34.3%, 10 basis points better than the prior-year quarter. Operating margin was 5.2%, 30 basis points worse than the prior-year quarter. Net margin was 2.6%, 20 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $52.46 billion. The average EPS estimate is $2.10.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,137 members out of 2,427 rating the stock outperform, and 290 members rating it underperform. Among 727 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 690 give Lowe's a green thumbs-up, and 37 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lowe's is outperform, with an average price target of $36.78.
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