LOW Earnings Prediction
The chart below shows how LOW performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LOW sees a -0.32% change in stock price 10 days leading up to the earnings, and a +1.16% change 10 days following the report. On the earnings day itself, the stock moves by -0.62%. This data can give you a slight idea of what to expect for the next quarter's release.
LOW Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
20.47B
-12.81%
-17.97%
Gross Margin
31.54%
0.51%
-1.25%
Operating Margin
13.17%
234.26%
-15.41%
Net Margin
8.66%
1212.12%
-19.14%
EPS
3.07
1128.00%
-32.68%
No Data Available
LOW Earnings Analysis
Lowe's Companies Inc. Corporation (LOW.N) Earnings Conference Call
Positive
Third Quarter Sales Decline: Third quarter sales were $20.2 billion, with comparable sales down 1.1%.
Sales Performance Improvement: Our results were modestly better than expected, even excluding storm-related activity driven by strong Pro and online sales and smaller ticket outdoor DIY projects.
Pro and Online Sales Growth: We’re particularly pleased with the sustained strength we’re delivering in two key areas: Pro and online sales.
Pro Sales Growth: Our Pro sales were up again in Q3 with high single-digit positive comps. This growth is being driven by the investments we’ve made to better serve the small-to-medium sized Pro, which is our core Pro customer.
Free Cash Flow Generation: We generated $728 million of free cash flow.
Negative
Third Quarter Sales Decline: Third quarter sales were $20.2 billion and comparable sales were down 1.1%.
Earnings Per Share Analysis: We generated GAAP diluted earnings per share of $2.99. Excluding this benefit, we delivered adjusted diluted earnings per share of $2.89.
Hurricane Demand Impact: We estimate the demand generated by hurricanes, Helene and Milton positively impacted comps sales by roughly 100 basis points.
SG&A Performance Improvement: Adjusted SG&A of 19.2% of sales delivered 86 basis points versus prior year.
Operating Margin Decline: Adjusted operating margin rate of 12.3% declined 86 basis points.
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LOW Earning Call Sentiment
Lowe's Companies, Inc. (LOW) Q3 2024 Earnings Call Transcript
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LOW.N
2.37%Positive
The earnings call presented mixed signals. While there are positive elements like strong Pro and online sales, improved gross margin, and shareholder returns, there are concerns about declining sales, increased expenses, and uncertain DIY market recovery. The Q&A highlighted management's reluctance to provide specific future guidance, which typically dampens investor confidence. Additionally, the negative impact of storm-related costs and economic pressures on DIY trends creates uncertainty. Overall, the balance of positive and negative factors suggests a neutral stock price movement in the short term.