- For fiscal year 2024, the adjusted Earnings Per Share (EPS) is expected to be between $11.80 and $11.90, aligning with prior forecasts and an estimate of $11.90.
- Total sales are projected to range from $83.0 billion to $83.5 billion, with an estimate of $83.3 billion.
- The adjusted operating margin is anticipated to be between 12.3% and 12.4%.
- Comparable sales are expected to decrease by 3% to 3.5%, consistent with an estimate of -3.35%.
- Capital expenditures are forecasted to be approximately $2 billion, slightly above the estimate of $1.98 billion.
- The company has announced a new AI framework as part of its strategic initiatives.
- The 2025 Total Home Strategy is unveiled, aiming to drive long-term growth through five key initiatives.
- The company is maintaining its financial outlook for the full year 2024.
- Scenario planning details are being provided for 2025 to enhance transparency amid uncertain macroeconomic conditions.
- Market sentiment includes 21 buy ratings, 14 hold ratings, and 3 sell ratings.
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Lowe’s Companies Inc on Smartkarma
Analyst coverage of Lowe’s Companies Inc on Smartkarma reveals insights from Baptista Research. In their report titled “Lowe’s Companies Inc.: Will Its Diversification of Sourcing & Supply Chain Strategy Be A Potential Game Changer? – Major Drivers,” the analysts highlighted the company’s third-quarter sales of $20.2 billion, with a 1.1% decline in comparable sales. However, the company emphasized the strength in Pro and online sales as key performance drivers, with Pro sales showing high single-digit positive comps due to investments in the Pro shopping experience.
Another report by Baptista Research, “Lowe’s Companies: A Dive Into Its Brand Strength & Market Position! – Major Drivers,” discussed the company’s second quarter 2024 earnings. Despite a challenging market environment, Lowe’s reported Q2 sales of $23.6 billion, with comparable sales down by 5.1%. The decline was mainly due to reduced demand for DIY projects but partially offset by solid performance in the Professional segment and growth in online sales. These reports provide valuable insights for investors evaluating Lowe’s Companies Inc.
A look at Lowe’s Companies Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores for Lowe’s Companies Inc, the company shows promising signs for long-term growth and stability. With solid scores in Resilience and Momentum, Lowe’s is positioned well to weather uncertainties and continue to perform well in the market. Additionally, the company’s scores in Dividend and Growth suggest a moderate but consistent approach in rewarding shareholders and expanding its operations over time. Although the Value score might indicate room for improvement in terms of its current pricing, the overall outlook for Lowe’s appears positive.
Lowe’s Companies, Inc. is a leading home improvement retailer in the United States, known for offering a wide range of building materials and supplies for various home improvement needs. Providing a comprehensive selection of products and services for home decoration, maintenance, repair, remodeling, and property upkeep, Lowe’s caters to a diverse customer base seeking quality solutions for their residential projects.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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