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Lowe's (LOW) Stock Moves -0.11%: What You Should Know
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Lowe's (LOW - Free Report) closed the most recent trading day at $105.54, moving -0.11% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.35%. Elsewhere, the Dow lost 0.4%, while the tech-heavy Nasdaq lost 0.39%.
Coming into today, shares of the home improvement retailer had gained 15.06% in the past month. In that same time, the Retail-Wholesale sector gained 2.56%, while the S&P 500 gained 4.48%.
Investors will be hoping for strength from LOW as it approaches its next earnings release, which is expected to be February 27, 2019. On that day, LOW is projected to report earnings of $0.80 per share, which would represent year-over-year growth of 8.11%. Meanwhile, our latest consensus estimate is calling for revenue of $15.72 billion, up 1.46% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for LOW. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% lower. LOW is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that LOW has a Forward P/E ratio of 17.45 right now. This represents a premium compared to its industry's average Forward P/E of 11.72.
Also, we should mention that LOW has a PEG ratio of 1.24. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. LOW's industry had an average PEG ratio of 1.11 as of yesterday's close.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Lowe's (LOW) Stock Moves -0.11%: What You Should Know
Lowe's (LOW - Free Report) closed the most recent trading day at $105.54, moving -0.11% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.35%. Elsewhere, the Dow lost 0.4%, while the tech-heavy Nasdaq lost 0.39%.
Coming into today, shares of the home improvement retailer had gained 15.06% in the past month. In that same time, the Retail-Wholesale sector gained 2.56%, while the S&P 500 gained 4.48%.
Investors will be hoping for strength from LOW as it approaches its next earnings release, which is expected to be February 27, 2019. On that day, LOW is projected to report earnings of $0.80 per share, which would represent year-over-year growth of 8.11%. Meanwhile, our latest consensus estimate is calling for revenue of $15.72 billion, up 1.46% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for LOW. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% lower. LOW is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that LOW has a Forward P/E ratio of 17.45 right now. This represents a premium compared to its industry's average Forward P/E of 11.72.
Also, we should mention that LOW has a PEG ratio of 1.24. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. LOW's industry had an average PEG ratio of 1.11 as of yesterday's close.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.