Lowe's Companies, Inc. (NYSE:LOW) home improvement retailer, is expected to report third quarter earnings results, before market open, on Wednesday 18th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.99 per share.
Looking ahead, the full year income are expected at $ 8.69 per share on the revenues of $ 85973.00 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 73,952.00 million ~ $ 74,312.00 million, where as bottomline are predicted in a range of $ 6.45 ~ $ 6.65 per share
Click Here For More Historical Outlooks Of Lowe's Companies, Inc.
Previous Quarter Performance
Lowe's Companies, Inc. disclosed income for the second quarter of $ 3.75 per share, from the revenue of $ 27,302.00 million. The quarterly earnings 165.96 percent while revenues swell 57.02 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.62 per share from $ 18874.80 million in revenue. The bottom line results beat street analysts by $ 2.13 or 131.48 percent, at the same time, top line results outshined analysts by $ 8,427.20 million or 44.65 percent.
Stock Performance
Shares of Lowe's Companies, Inc. traded low $ -2.04 or -1.26 percent on Tuesday, reaching $ 159.86 with volume of 5.53 million shares. Lowe's Companies, Inc. has traded high as $ 161.50 and has cracked $ 156.56 on the downward trend
According to the previous trading day, closing price of $ 159.86, representing a 169.83 % increase from the 52 week low of $ 60.00 and a 10.39 % decrease over the 52 week high of $ 180.67.
The company has a market capital of $ 120.81 billion and is part of the Consumer Cyclical sector and Home Improvement Stores industry.
Conference Call
Lowe's Companies, Inc. will be hosting a conference call at 9:00 AM eastern time on 18th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lowes.com
Lowes Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
