Lowe's (LOW, $210.64) beats Q2 earnings expectations
Lowe’s reported earnings per share of $4.67, exceeding the Zacks Consensus Estimate of $4.63.
Net sales fell -0.3% from the year-ago quarter to $27,476 million, missing the Zacks Consensus Estimate of $28,195 million.
Same-store sales slipped -0.3% in the quarter. However, comparable sales for the U.S. home-improvement business rose 0.2% in the reported quarter, and pro-customer sales climbed 13% in its ninth consecutive quarter of a double-digit growth.
For fiscal full-year 2022, Lowe’s reaffirmed its outlook on revenues in the range of $97-99 billion , with the 53rd week expected to register an increase in sales by $1-$1.5 billion. Lowe’s revenues were $96.3 billion in fiscal 2021,
The company expects comparable sales in fiscal 2022 in the range of - 1% to +1%. It expects earnings per share of $13.10-$13.60 for the current fiscal year.
LOW in upward trend: price rose above 50-day moving average on June 01, 2023
LOW moved above its 50-day moving average on June 01, 2023 date and that indicates a change from a downward trend to an upward trend. In of 38 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LOW advanced for three days, in of 371 cases, the price rose further within the following month. The odds of a continued upward trend are .
LOW may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 61 cases where LOW's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on June 01, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on LOW as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for LOW turned negative on May 03, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where LOW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for LOW entered a downward trend on May 25, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (20.145). P/E Ratio (19.569) is within average values for comparable stocks, (24.657). Projected Growth (PEG Ratio) (1.299) is also within normal values, averaging (2.449). Dividend Yield (0.021) settles around the average of (0.038) among similar stocks. P/S Ratio (1.309) is also within normal values, averaging (69.641).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. LOW’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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Industry description
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a company, which engages in the retail sale of home improvement products
Industry SpecialtyStores
LOW and
Correlation & Price change
A.I.dvisor indicates that over the last year, LOW has been closely correlated with HD. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if LOW jumps, then HD could also see price increases.
