The highly anticipated financial results for the second quarter of Lowe's Companies (NYSE: LOW) are scheduled to be disclosed on Tuesday 20th August 2024. This important update will be made available before market open, providing investors and market participants with key information regarding the company's financial status.
Financial analysts on Wall Street are predicting that the firm is about to reveal an estimated $3.97 profit per share for the quarter. Additionally, the company is projected to announce a total revenue of $23.91 billion for this period.
Wall Street analysts have provided their insights on the company's performance for the year, forecasting a total revenue of $84.18 billion. Additionally, they anticipate the earnings per share to reach profit of $12.14 during the fiscal year.
Upon revisiting the corresponding quarter from the prior year, the company's earnings report demonstrated a per-share income of $4.56. This figure was attributed to the company's total revenue, which reached an impressive $24.96 billion during that same period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q1 2024 | $3.06 | -16.6% | 21.36 B | -4.4% |
| Q4 2023 | $1.77 | -22.4% | 18.60 B | -17.1% |
| Q3 2023 | $3.06 | -6.4% | 20.47 B | -12.8% |
| Q2 2023 | $4.56 | -2.4% | 24.96 B | -9.2% |
*Growth on year-over-year basis
LOW will host a conference call with investment community on 20th August 2024 at 09:00 AM eastern time to discuss the financial results.
The previous trading day saw Lowe's Companies (LOW) shares trading between $239.14 and $242.09, besides a volume of 1.73 million shares. The stock closed Friday's regular trading session at $241.15, reflecting 0.45 percent upturn.
