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Excerpt from www.zacks.comLowe’s (LOW – Free Report) closed at $232.98 in the latest trading session, marking a -0.87% move from the prior day. The stock’s change was less than the S&P 500’s daily loss of 0.02%. Elsewhere, the Dow saw a downswing of 0.21%, while the tech-heavy Nasdaq appreciated by 0.29%.
Shares of the home improvement retailer have appreciated by 1.28% over the course of the past month, underperforming the Retail-Wholesale sector’s gain of 1.42% and the S&P 500’s gain of 1.29%.
The investment community will be closely monitoring the performance of Lowe’s in its forthcoming earnings report. The company’s upcoming EPS is projected at $2.94, signifying a 19.89% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $21.07 billion, down 5.7% from the prior-year quarter.
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