Lowe's (LOW) upcoming earnings release is expected to show growth, despite a 17% fall in earnings as same-store sales skidded for the sixth consecutive quarter. Intech Investment Management LLC reportedly holds $8.02 million stock holdings in the company. With a 4% increase this year, Q1 results may drive the stock higher. Lowe's exceeded earnings and revenue estimates, even as consumers lessen their spendings on DIY projects. However, the stock saw a decline even as the market gained. Following strong earnings, the stock saw a large volume increase. Companies including Microsoft and Adobe alongside Lowe's are worth watching. Speculations regarding whether to buy, sell, or hold Lowe's stock are rife, as it is seen trending, although falling behind its competition, Home Depot. Some look at Lowe's stocks as an attractive valuation. One Wall Street analyst projected $270 for Lowe's stock. Despite its underperformance compared to competitors, the stock has garnered investor attention and is hyped to see a big breakout. There's speculation about Lowe's rising sales and profits falling in 2024. The management predicts a decline, however, Lowe's continues to bank on strategic innovation and market adaptability for growth. Regardless, financial experts suggest treating the retail stock with caution.
Lowes Stocks LOW News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sun, 26 May 2024 20:19:03 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor -4
