For its fourth fiscal quarter (ending January 31), Lowe”s Cos Inc (NYSE: LOW) has reported a 12% increase in E.P.S. from $1.58 a year ago to $1.77 in the current quarter. This performance was $0.09 better than the consensus estimate of $1.68. E.P.S. were $13.23 for the latest four quarters through January 31 versus $10.20 for the same period a year ago — an increase of 30%.
Recent Price Action
On 2/27/24, Lowe”s Cos Inc (NYSE: LOW) stock increased 1.8%, closing at $235.39. Moreover, this advance was accompanied by unusually high trading volume at 198% of normal. The stock has performed in line with the market over the last nine months and has risen 3.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, LOW is expected to be an important Value Eraser.
Lowe”s is currently unrated.
Rating Review
The stock is currently unrated.
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