New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
February 26, 2015
08:34 EDTLOWLowe's price target raised to $82 from $70 at Argus
Subscribe for More Information
08:13 EDTLOWLowe's price target raised to $83 from $75 at UBS
Subscribe for More Information
February 25, 2015
09:24 EDTLOWLowe's expects to report highest comp for FY15 in Q1
Expects higher comps in 1H15 than 2H15. Comments taken from Q4 earnings conference call.
09:18 EDTLOWLowe's expects jobs, incomes, household financial conditions to improve in 2015
The company said key drivers of home improvement spending are real disposable personal income, employment, home prices and housing turnover. It expects stronger income gains, historically low mortgage rates, and moderating home price growth will provide more support to home buying in 2015. Comments taken from slides for Q4 earnings conference call.
08:47 EDTLOWLowe's: Momentum, macro fundamentals aligned for 2015 modestly stronger growth
06:03 EDTLOWLowe's sees FY15 EPS $3.29, consensus $3.28
Sees FY15 total sales to increase 4.5%-5%, consensus $58.52B; Sees FY15 comparable sales to increase 4%-4.5%. The company expects to open 15-20 home improvement and hardware stores in 2015. Sees FY15 earnings before interest and taxes as a percentage of sales to increase 80 to 100 basis points. Sees FY15 effective income tax rate to be approximately 38.1%.
06:02 EDTLOWLowe's reports Q4 EPS 46c, consensus 44c
Subscribe for More Information
February 24, 2015
15:21 EDTLOWNotable companies reporting before tomorrow's open
Subscribe for More Information
12:58 EDTLOWEarnings Preview: Lowe's up over 17% since last earnings report
Subscribe for More Information
February 23, 2015
07:51 EDTLOWLowe's March volatility elevated into Q4 and outlook
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use