What to Know Ahead of Next Week’s Release

The market expects Lowe’s (LOW) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended April 2020. This widely-known consensus outlook is important in assessing the company’s earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on May 20, 2020, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management’s discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it’s worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This home improvement retailer is expected to post quarterly earnings of $1.32 per share in its upcoming report, which represents a year-over-year change of +8.2%.

Revenues are expected to be $18.17 billion, up 2.4% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 2.69% lower over the last 30 days to the current level. This

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