Lowe's (NYSE: LOW) Earnings OverviewOver the last 1 year, LOW has beaten estimates 100% of the time and has beaten revenue estimates 75% of the time.
Retailers might see their demand softening as consumers could tighten their purse strings as economists expect a slowdown ahead in the backdrop of higher-for-longer interest rates.
The market is growing too negative about the housing DIY market, and investors should begin buying Lowe’s Inc Stock.
The company had beaten its expectations in its Q2 earnings. Fears on consumer spending are not the only thing the company is battling now. Lowe's had also pointed to a rise in crime as a factor of reduced earnings and noted that the issue could continue to cut into their financial results.
In September, the National Retail Foundation reported that in 2022, retail theft rose ~20% from a year earlier.
Technical Analysis
LOW is trading near the bottom of its 52-week range and below its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price lower, and the stock still appears to have downward momentum. This is a neutral sign for the stock's future value.
ABOUT THE COMPANY
Lowe's Companies, Inc. (Lowe's) is a home improvement company. The Company operates home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Appliances, Seasonal and Outdoor Living, Lawn and Garden, Lumber, Kitchens and Bath, Tools, Paint, Millwork, Hardware, Flooring, Rough Plumbing, Building Materials, Decor, Lighting, and Electrical.
