Lowes, Home Depot and Scotts Miracle-Gro

For Immediate Release

Chicago, IL – June 26, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Lowes Companies, Inc. LOW, The Home Depot Inc. HD and The Scotts Miracle-Gro Co. SMG.

Here are highlights from Thursday’s Analyst Blog:

Coronavirus Feeds Home Improvement Trends: 3 Stocks to Count On

The COVID-19-induced shelter-at-home orders fueled the need for home improvement by housebound Americans, thereby driving demand for the said industry.

The home improvement space includes Décor and indoor garden, Painting and wallpaper, Tools and hardware, Building materials, Lighting et al.  Apart from essentials, retailers in this industry are witnessing solid demand for gardening and other in-house activity-related products.

Although states are reopening and people are reporting back to work, the emergence of new cases triggers the fear of a second wave, only to remind us that the deadly virus is not going to subside anytime soon. Rather, the pandemic threat keep people confined to their homes, spurring the obvious requirement for home improvement products.

One of the leading industry players, management

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Why Lowe’s (LOW) Could Beat Earnings Estimates Again

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

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Are Lowe’s registers down? Outages and ‘technical issues’ reported at home improvement chain resolved

After technical issues were reported at some Lowe’s stores across the country, the home improvement chain confirmed to USA TODAY that systems were operating normally Saturday evening.

The retailer acknowledged “unexpected and unforeseen technical issues” Saturday in a tweet when it responded to a shopper who said his store was “shut down because their bank can’t process all the transactions” and was accepting only cash.

In another tweet Saturday, Lowe’s apologized “for any inconvenience experienced while the systems were down.”

@Ja_Carey483 from Michigan tweeted to the retailer “you all need to get a better computer system, so the whole country doesn’t have to pay cash.”

How much is gas? Prices continue to drop during coronavirus. Here’s where gas sells for less than $1.

Face masks required for Walmart workers: Walmart to require all employees wear face masks starting Monday as part of coronavirus response

Another Twitter user reported long lines at two Lowe’s in California. “After 30 minutes of waiting with at least 40 ahead of me, a manager finally came on the loud speaker to say that they’re only accepting cash,” the tweet said.

Lowe’s reduced hours because of the coronavirus, and stores throughout the nation close at 7

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