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News Breaks
February 22, 2013
10:23 EDTLOWEarnings Preview: Lowe's backs FY12 EPS view $1.64, flat revenue
Lowe's Companies (LOW), a home improvement retailer, is scheduled to report Q4 before the market open on Monday, February 25, with a conference call scheduled for 9:00 am ET... EXPECTATIONS: Analysts are looking for EPS of 23c on revenue of $10.83B, according to First Call. The consensus range for EPS is 20c-28c on revenue of $10.64B-$11.2B... LAST QUARTER: Lowe's reported Q3 EPS of 35c including charges against estimates for 35c on revenue of $12.1B against estimates for $11.91B. Q3 results included charges related to long-lived asset impairments, discontinued projects, and a change in the discount rate applied to self-insurance claims which, in the aggregate, reduced pre-tax earnings for Q3 by $85M and diluted EPS by 5c. In December, the company backed its FY12 EPS view of $1.64 against estimates for $1.72 and its revenue view of approximately flat against estimates of $50.3B. The company also reiterated its FY12 same-store sales view of a 1% increase. On its analyst and investor call, the company said it was encouraged by recent trends in new and existing home sales and said it saw expansion opportunities in Mexico and Australia. During the quarter, Lowe's named Michael A. Jones as Chief Merchandising Officer... STREET RESEARCH: Stifel Nicolaus recently downgraded Lowe's to Hold from Buy as the firm thinks there's a growing chance that the housing recovery is slowing. Canaccord also downgraded Lowe's to Sell from Hold based on aggressive financial targets, a counterproductive management realignment, lack of traction in store resets, and continued e-commerce investments... PRICE ACTION: Over the last three months, Lowe's shares are up about 10%. Year-to-date, shares are up over 7%.
News For LOW From The Last 14 Days
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November 24, 2015
10:00 EDTLOWOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Avon Products (AVP) upgraded to Buy from Neutral at Citi... Box (BOX) upgraded to Buy from Neutral at BofA/Merrill... Daimler AG (DDAIF) upgraded to Buy from Neutral at UBS... Emerge Energy (EMES) upgraded on amended credit deal at Stifel... Fairmount Santrol (FMSA) upgraded to Hold from Underperform at Jefferies... IAMGOLD (IAG) upgraded to Hold from Reduce at HSBC... Kinross Gold (KGC) upgraded on acquisitions at RBC Capital... Lowe's (LOW) upgraded to Overweight from Neutral at Atlantic Equities... Nimble Storage (NMBL) upgraded on valuation at DA Davidson... Resolute Energy (REN) upgraded to Equalweight from Underweight at Capital One... Schnitzer Steel (SCHN) upgraded to Equal Weight from Underweight at Morgan Stanley... Webster Financial (WBS) upgraded to Overweight from Neutral at JPMorgan.
06:20 EDTLOWRetailers hunt for new breaches after warning on malware, Reuters says
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05:47 EDTLOWLowe's upgraded to Overweight from Neutral at Atlantic Equities
Atlantic Equities analyst Sam Hudson upgraded Lowe's (LOW) to Overweight citing a "compelling" growth outlook and the retailer's operating margin expansion. Hudson raised his price target for shares to $94 from $79. He keeps an Overweight rating on peer Home Depot (HD) and upped his price target for the stock to $154 from $133. Both companies posted strong Q3 results amid accelerating trends in big-ticket categories, Hudson tells investors in a post-earnings research note.
November 23, 2015
11:47 EDTLOWLowe's names Marci Grebstein as Chief Marketing Officer, effective immediately
Lowe's Companies announced that Marci P. Grebstein has been promoted to chief marketing officer effective immediately. Grebstein most recently served as vice president of advertising. She will report to Michael A. Jones, chief customer officer, and succeeds Thomas J. Lamb who has left the company.
November 19, 2015
10:02 EDTLOWLowe's upgraded to Buy from Hold at Zelman
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November 18, 2015
09:04 EDTLOWLowe's backs FY15 cash flow from operations $5B, CapEx $1.3B
Sees FY15 effective tax rate of 38.1%. The company expects to repurchase $3.8B of stock.
09:04 EDTLOWLowe's says key drivers remain conducive for home improvement through 2017
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09:02 EDTLOWLowe's reports total customer transactions of 213.3M in Q3
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06:05 EDTLOWLowe's sees FY15 EPS about $3.29, consensus $3.28
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06:04 EDTLOWLowe's reports Q3 EPS 80c, consensus 78c
Reports Q3 revenue $14.4B, consensus $14.31B. Reports Q3 SSS up 4.6%.
November 17, 2015
15:14 EDTLOWLowe's November 72.5 straddle priced for 4.4% movement into Q3
15:13 EDTLOWNotable companies reporting before tomorrow's open
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13:53 EDTLOWEarnings Watch: Lowe's up about 2% over last three months
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07:02 EDTLOWLowe's volatility increases into Q3 and outlook
Lowe's November call option implied volatility is at 67, December is at 31, January is at 27; compared to its 52-week range of 16 to 33, suggesting large near term price movement into the expected release of Q3 results on November 18.

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