Key Highlights:
- Lowe's beats first-quarter earnings expectations with a GAAP EPS of $2.92.
- Current analyst sentiment foresees a potential upside of 15.62% in Lowe's stock price.
- Despite strong performance, GF Value indicates a potential downside of 4.93% from current levels.
Lowe's (LOW, Financial) has delivered a stronger-than-expected performance in its first-quarter earnings report. The company achieved a GAAP earnings per share (EPS) of $2.92, marginally exceeding the consensus estimate of $2.87. This performance came despite a 1.7% decline in comparable sales, which was less severe than the market's forecasted 2% drop. Lowe's remains confident in its outlook, reaffirming its full-year sales guidance between $83.5 billion and $84.5 billion.
Wall Street Analysts Forecast
Wall Street analysts have shared their one-year projections for Lowe's Companies Inc (LOW, Financial), with an average target price of $267.37. This forecast includes a high estimate of $305.00 and a low of $217.00. If realized, the average target price would represent a 15.62% upside from the current stock price of $231.25. For more insights into these projections, visit the Lowe's Companies Inc (LOW) Forecast page.
According to a consensus of 37 brokerage firms, Lowe's holds an average brokerage recommendation of 2.2, characterized as "Outperform." This recommendation is placed on a scale from 1 to 5, where 1 indicates a "Strong Buy" and 5 signals a "Sell."
Looking at the GF Value provided by GuruFocus, Lowe's Companies Inc is estimated to have a one-year fair value of $219.84. This assessment suggests a potential downside of 4.93% from the current stock price of $231.25. The GF Value reflects an estimation of the fair value based on historical trading multiples, previous business growth, and future performance projections. For additional details, check the Lowe's Companies Inc (LOW, Financial) Summary page.
