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Stock Market & Financial Investment News

News Breaks
November 16, 2012
11:00 EDTLOWEarnings Preview: Lowe's Q3 earnings could be helped by Sandy
Lowe's (LOW) is expected to report Q3 earnings before the open on Monday, November 19, with a conference call scheduled for 9:00 am ET. Analysts are looking for a profit of 35c on revenue of $11.91B. The consensus range is 32c-39c for EPS, and $11.78B-$12.01B for revenue, according to First Call. After reporting EPS and revenue that missed analysts' expectations in Q3, Lowe's forecast FY12 EPS $1.64, consensus $1.66, on flat revenue growth, consensus $50.08B. On its last earnings call, Lowe's forecast 2H same-store sales flat and said 2H gross margin should increase, but to a lesser degree than its previous outlook. The company also said its guidance assumed an additional $1.5B in share buybacks. Lowe's said it would take a more cautious approach to the balance of the year. During the quarter, Lowe's formally withdrew its non-binding proposal dated July 8 to the board of RONA to acquire all of the issued and outstanding common shares of RONA for C$14.50 in cash per share. Lowe's said it believed a deal made sense, but said it was "unfortunate" that the RONA board did not recognize the important economic and commercial benefits of the proposal. The Wall Street Journal said Lowe's board wants to hire a successor to CEO Robert Niblock, even though they're not looking to replace him immediately; the new executive would first fill the post of Chief Merchandising Officer. Barron's said Lowe's should benefit from Hurricane Sandy and could surprise investors in its Q3 report. In addition to consumers looking to buy up home repair supplies to fight off the effects of the storm, Barron's notes that there are signs that the housing market is starting to improve. Oppenheimer increased its target on Lowe's as the firm expects the company to benefit from improving demand trends. ITG Research believes Lowe's SSS finished strong in Q3 boosted by Sandy.
News For LOW From The Last 14 Days
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August 25, 2014
09:29 EDTLOWSynchrony Financial signs multi-year agreement with Lowe's
Synchrony Financial (SYF) has signed a multi-year agreement with Lowe’s (LOW) to continue providing financing programs for commercial and consumer customers through the home improvement retailer’s more than 1,800 stores and Lowes.com.
August 21, 2014
07:29 EDTLOWLowe's price target raised to $60 from $57 at RW Baird
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07:20 EDTLOWLowe's to continue to benefit from favorable trends, says BofA/Merrill
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August 20, 2014
12:37 EDTLOWOn The Fly: Midday Wrap
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09:52 EDTLOWLowe's says not commenting on Brazil rumors
Focusing on improving U.S. operations, other international markets.
09:51 EDTLOWLowe's says still stands by 2015 outlook previously provided
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09:45 EDTLOWLowe's says plan for 2H sales remains the same
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09:20 EDTLOWLowe's says SSS up 4.7% in May, 4.6% in June, 3.7% in July
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09:07 EDTLOWOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PetSmart (PETM), up 2,1%... Staples (SPLS), up 2%... E-House (EJ), up 2.5%. HIGHER: Fairchild (FCS), up 4% after Bloomberg says Infineon (IFNNY) is near a deal to buy a U.S. semiconductor company for $2B... Amicus Therapeutics (FOLD), up 18.4% after reporting positive Phase 3 data from the Fabry study. DOWN AFTER EARNINGS: Lowe's (LOW), down 3%... Tarena (TEDU), down 9%... Leju (LEJU), down 4.2%... JA Solar (JASO), down 5%. LOWER: Hertz (HTZ), down 12.7% after downgraded at JPMorgan and Deutsche Bank following the company's decision to withdraw its FY14 guidance... NovaBay (NBY), down 35.2% after primary, secondary endpoints were not met in its NVC-422 study... RGS Energy (RGSE), down 14.9% after downgraded at Roth Capital following Q2 earnings results.
08:53 EDTLOWLowe's says signals from housing market 'mixed'
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07:26 EDTLOWLowe's weakness a buying opportunity, says RW Baird
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06:34 EDTLOWLowe's down 3.1% after reporting Q2 results, FY14 guidance
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06:08 EDTLOWLowe's CEO says 'home improvement spending will continue to progress'
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06:05 EDTLOWLowe's sees FY14 EPS approximately $2.63, consensus $2.61
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06:04 EDTLOWLowe's reports Q2 EPS $1.04, consensus $1.02
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August 19, 2014
15:16 EDTLOWNotable companies reporting before tomorrow's open
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13:21 EDTLOWEarnings Preview: Lowe's trading higher ahead of Q2 earnings report
Lowe's Companies (LOW), a home improvement retailer, is scheduled to report on its second quarter before the market open on Wednesday, August 20, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.02 on revenue of $16.55B, according to First Call. The consensus range for EPS is 96c-$1.06 on revenue of $16.16B-$16.79B. LAST QUARTER: Lowe's reported first quarter EPS of 61c, beating analyst's estimates of 60c, on revenue of $13.4B against estimates for $13.86B. The company also reported Q1 same-store sales rose 0.9%. Lowe's raised its fiscal year 2014 EPS guidance to approximately $2.63 from $2.60 against estimates at that time for $2.62 and said it expects revenue up 5% in this fiscal year compared to last. Lowe's said it expected to open 10 home improvement and 5 hardware stores in 2014 and expects its FY14 SSS to increase approximately 4%. The company expects to repurchase $3.4B of stock this fiscal year. NEWS: During the quarter, Lowe's named Paul Ramsay as Chief Information Officer. The company also raised its quarterly dividend 27.8% to 23c per share. STREET RESEARCH: Deutsche Bank lowered its estimates for both Lowe's and Home Depot (HD) after Tractor Supply (TSCO) and Lumber Liquidators (LL) pre-announced Q2 comp misses. The firm, which noted that the negative earnings revision is "relatively minor," said that while the business models are different, Tractor Supply and Lumber Liquidators have historically correlated positively with Home Depot and Lowe's on comps. Morgan Stanley initiated Lowe's with an Equal Weight rating and $50 target in June. Canaccord downgraded Lowe's to Sell from Hold due to slowing housing momentum, management changes, and difficult competition. PRICE ACTION: Over the last three months, Lowe's shares are up almost 14%. In morning trading ahead of tomorrow's report, Lowe's is up nearly 3% to $51.89.
11:41 EDTLOWHome Depot rises as results beat estimates, company raises guidance
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August 18, 2014
11:25 EDTLOWEarnings Preview: Home Depot shares up nearly 9% since last earnings report
Home Depot (HD), a home improvement retailer, is scheduled to report second quarter results before the market opens on Tuesday, August 19, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.45 on revenue of $23.62B, according to First Call. The consensus range for EPS is $1.41-$1.49 on revenue of $22.9B-$24.08B. LAST QUARTER: Home Depot reported first quarter EPS of $1.00 against estimates for 99c on revenue of $19.69B against estimates of $19.95B. The company said same-store sales increased 2.6%, with U.S. SSS up 3.3%. The company raised its fiscal year 2014 EPS view to $4.42 from $4.38 against estimates at that time for $4.42. The retailer also backed its FY14 sales growth view of up 4.8% from fiscal year 2013. On its Q4 earnings conference call, Home Depot forecast gross margins for FY14 would be "about the same" as last year. For the remainder of the year, the company said its view on the housing market recovery had not changed. NEWS: At Oppenheimer's 14th Annual Consumer Conference in June, Home Depot reaffirmed its 4.8% sales growth view for the year and said SSS growth would be 4.6%. The company also said it expected $7B in share repurchases for FY14. The retailer also said it intends to increase its dividend every year. The Wall Street Journal said Home Depot is among the retailers betting that consumer basics, like toilet paper or detergent, will increase sales and lure shoppers into stores. STREET RESEARCH: Citigroup expects Home Depot shares will continue outperforming Lowe's (LOW) in the near-term given its store base concentration and better merchandising effort on the Pro side. Deutsche Bank lowered its estimates for both Home Depot after Tractor Supply (TSCO) and Lumber Liquidators (LL) pre-announced Q2 comp misses. The firm, which noted that the negative earnings revision is "relatively minor," said that while the business models are different, Tractor Supply and Lumber Liquidators have historically correlated positively with Home Depot and Lowe's on comps. PRICE ACTION: Over the last three months, Home Depot shares are up almost 9%. Year-to-date, shares are up over 2%.
06:24 EDTLOWOptions expected to be active
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