S&P 500 (NYSE:SPY) component Lowe’s Cos (NYSE:LOW) will unveil its latest earnings on Monday, August 20, 2012. Lowe’s Companies is a home improvement retailer offering products to homeowners, renters, and commercial business customers.
Lowe’s Cos Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 70 cents per share, a rise of 2.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 74 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 71 cents during the last month. Analysts are projecting profit to rise by 5.9% versus last year to $1.79.
Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at net income of 43 cents a share versus the estimate of profit of 42 cents a share. It marked the fourth straight quarter of beating estimates.
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Stock Price Performance: Between May 18, 2012 and August 14, 2012, the stock price fell $1.94 (-6.8%), from $28.48 to $26.54. 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% (+$2.85) 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.
Analyst Ratings: There are 11 out of 21 analysts surveyed (52.4%) rating Lowe’s Cos a buy.
Wall St. Revenue Expectations: Analysts are projecting a decline of 0.6% in revenue from the year-earlier quarter to $14.46 billion.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.24 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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