Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Lowe’s (LOW), which belongs to the Zacks Building Products – Retail industry, could be a great candidate to consider.
When looking at the last two reports, this home improvement retailer has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.87%, on average, in the last two quarters.
For the last reported quarter, Lowe’s came out with earnings of $0.94 per share versus the Zacks Consensus Estimate of $0.91 per share, representing a surprise of 3.30%. For the previous quarter, the company was expected to post earnings of $1.35 per share and it actually produced earnings of $1.41 per share, delivering a surprise of 4.44%.
Price and EPS Surprise
Thanks in part to this history, there has been a favorable change in earnings estimates for Lowe’s lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive