Lowe’s Companies First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Lowe’s Companies, Inc. (NYSE:LOW) will unveil its latest earnings on Monday, May 21, 2012. Lowe’s Companies is a home improvement retailer offering products to homeowners, renters, and commercial business customers.

Lowe’s Companies, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 42 cents per share, a rise of 23.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 38 cents. Between one and three months ago, the average estimate moved up. It has risen from 39 cents during the last month. Analysts are projecting profit to rise by 10.1% compared to last year’s $1.86.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 29 cents per share versus a mean estimate of net income of 23 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 6.6% in revenue from the year-earlier quarter to $12.98 billion.

Analyst Ratings: Analysts are bullish on this stock, with 13 analysts rating it as a buy, none rating it as a sell and nine rating it as a hold. Over the last three months, the stock’s average rating has increased from hold to moderate buy.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 13% to $322 million (26 cents a share) from $285 million (21 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 11% to $11.63 billion from $10.48 billion.

Key Stats:

The increase in profit in the fourth quarter of the last fiscal year broke a streak of three consecutive quarters of year-over-year profit decreases. Net income dropped 44.3% in the third quarter of the last fiscal year, 0.2% in the second quarter of the last fiscal year and 5.7% in the first quarter of the last fiscal year.

Revenue has increased for three consecutive quarters. It rose 2.3% in the third quarter of the last fiscal year from the year earlier and 1.3% in the second quarter of the last fiscal year.

Stock Price Performance: Between April 17, 2012 and May 15, 2012, the stock price dropped $2.91 (-9.1%), from $31.94 to $29.03. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 15, 2012, when shares rose for eight straight days, increasing 10.2% (+$2.83) over that span. It saw one of its worst periods between May 2, 2012 and May 15, 2012 when shares fell for 10 straight days, dropping 9.6% (-$3.07) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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