LOW Stock Recent News

Zacks.com users have recently been watching Lowe's (LOW) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Lowe's beat analyst estimates last quarter, but net sales declined. The company has a sizable opportunity to take market share in a massive industry.

Lowe's profit margin jumped in 2023 but will likely decline this year. The retailer is expecting modestly lower sales in 2024.

Lowe's chief executive identified several long-term positive catalysts for the U.S. home improvement market. However, Lowe's own guidance indicates a continued deceleration in same-store sales.

Shares of Lowe's have rebounded sharply in recent months. It remains one of the dominant home improvement retailers.

Large retailers Macy's (M) and Lowe's (LOW) both reported their fourth-quarter earnings with mixed results. In addition, the Conference Board's Consumer Confidence reading came in lower than expected for February.

Shares of Lowe's (LOW) are trading higher after the company posted its fourth-quarter report, beating revenue expectations, reporting $18.60 billion versus an expected $18.45 billion. However, the company saw its comparable sales decline 6.2% year-over-year in the quarter, with the company citing a decline in consumer home renovation projects.

Lowe's Companies Inc. (LOW) reported fourth-quarter earnings that beat expectation Tuesday but issued weaker-than-expected full-year 2024 guidance as consumers pull back on home improvement spending.

Pre-market futures are tepid for a second-straight trading day — even going back to last week, after last Thursday's big upswing in market activity began leveling off slightly. We continue that leveling off as of this hour today, with the Dow -25 points, the S&P 500 +1 points and the Nasdaq +22.

Lowe's (LOW) fourth-quarter fiscal 2023 results reflect a reduction in Do-It-Yourself spending. Comparable sales for the quarter decline 6.2%.