{"id":12357,"date":"2023-05-22T22:40:12","date_gmt":"2023-05-23T02:40:12","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/lowes-q1-earnings-what-are-we-watching\/"},"modified":"2023-05-22T22:40:13","modified_gmt":"2023-05-23T02:40:13","slug":"lowes-q1-earnings-what-are-we-watching","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=12357","title":{"rendered":"Lowe\u2019s Q1 Earnings: What Are We Watching?"},"content":{"rendered":"
\n

Lowe\u2019s (NYSE: LOW), a home-improvement retailer, is scheduled to report its fiscal first-quarter results on Tuesday, May 23. We expect the company\u2019s stock to see little to no movement post-first-quarter results – as its revenue is likely to beat but earnings marginally miss the consensus estimates. Lowe\u2019s results in 2022 were disproportionately impacted by its customer mix. The do-it-yourself customer was less eager to spend on remodels and upgrades compared to last year, in part thanks to short-term issues like weather and inflation. The home improvement retailer also lowered its sales outlook for 2023. For the full year 2023, Lowe\u2019s indicated it now expects revenue in the range of $88 to $90 billion (compared to almost $97 billion in FY 2022). On the bottom line, its EPS is expected to come in the range of $13.60 to $14.00. Also, comparable sales are expected to be flat to down 2% as compared to the prior year.<\/p>\n

Our forecast indicates that Lowe\u2019s valuation is $203 per share, which is almost in line with the current market price. Look at our interactive dashboard analysis on Lowe\u2019s Earnings Preview<\/strong>: What To Expect in Q1? <\/strong>for more details.<\/p>\n

(1) Revenues expected to be slightly ahead of consensus estimates<\/strong><\/p>\n

Trefis estimates Lowe\u2019s Q1 2023 revenues to be around $21.7 Bil, slightly ahead of the consensus estimate. In Q4, the company\u2019s revenue rose 5% year-over-year (y-o-y) to $22.4 billion. In a challenging macroeconomic environment, Lowe\u2019s posted a 1% decline in comparable-store sales during the quarter. We now forecast Lowe\u2019s Revenue<\/strong> to be about $89 billion for fiscal 2023.<\/p>\n

<\/fbs-ad><\/p>\n

2) EPS likely to be marginally below consensus estimates<\/strong><\/p>\n

LOW\u2019s Q1 2023 earnings per share is expected to be $3.44 per Trefis analysis, slightly below the consensus estimate of $3.45. In general, Lowe\u2019s has struggled to close the profitability gap with its arch rival Home Depot. Operating profit margin shrank by two full percentage points in FY 2022 to land at 10.5% of sales. In comparison, Home Depot saw this value grow at 14%, despite slowing sales growth and a shift in demand.<\/p>\n

(3) Stock price estimate in line with the current market price<\/strong><\/p>\n

Going by our Lowe\u2019s Valuation<\/strong>, with an EPS estimate of around $13.65 and a P\/E multiple of 14.9x in fiscal 2022, this translates into a price of $203, which is almost in line with the current market price.<\/p>\n

Check out how other Lowe\u2019s Peers fare on metrics that matter. You will find other useful comparisons for companies across industries at Peer Comparisons.<\/p>\n

What if you\u2019re looking for a high-performance portfolio with a low downside instead? Here\u2019s a reinforced value portfolio<\/strong> that has beaten the market consistently while limiting losses during periods of sharp market declines.<\/p>\n

Invest with Trefis <\/strong>Market Beating Portfolios<\/strong><\/p>\n

See all Trefis <\/strong>Price Estimates<\/strong><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Lowe\u2019s (NYSE: LOW), a home-improvement retailer, is scheduled to report its fiscal first-quarter results on Tuesday, May 23. We expect the company\u2019s stock to see little to no movement post-first-quarter results – as its revenue is likely to beat but earnings marginally miss the consensus estimates. Lowe\u2019s results in 2022 were disproportionately impacted by its […]<\/p>\n","protected":false},"author":1,"featured_media":12358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-12357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"\nLowe\u2019s Q1 Earnings: What Are We Watching? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Lowe\u2019s (NYSE: LOW), a home-improvement retailer, is scheduled to report its fiscal first-quarter results on Tuesday, May 23. 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