Stock Region Earnings Calendar
Newsletter: Earnings Insights for August 20.
Stock Region Newsletter: Earnings Insights for August 20
Welcome to today's Stock Region Newsletter, where we spotlight the key earnings reports set to shape the market narrative. As retailers take center stage, all eyes are on Lowe's as it prepares to unveil its second-quarter results.
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Earnings Spotlight: Lowe's
Company: Lowe's (LOW)
Sector: Home Improvement Retail
Earnings Release: Before Market Open
Lowe's earnings are highly anticipated, especially in light of the challenges facing home improvement retailers. The slow start to the spring selling season, coupled with a rapid transition into summer marked by record-high temperatures in June, has added pressure. Analysts, including Wedbush's Seth Basham, point to macroeconomic uncertainties such as interest rate cuts, inflation, and shifting consumer spending habits towards discretionary services as factors likely impacting Lowe's performance.
Analyst Expectations:
Revenue: Expected at $23.9 billion, a decline of 4.4% year-over-year.
Earnings per Share (EPS): Forecasted at $3.97, down 12.9% from the previous year.
The market is keen to see if Lowe’s will follow Home Depot's lead in revising its same-store sales guidance downward.