Lowe's Companies

Lowe's (LOW) Q1 Earnings Miss Estimates

Lowe's (LOW) came out with quarterly earnings of $1.22 per share, missing the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -8.27%. A quarter ago, it was expected that this home improvement retailer would post earnings of $0.80 per share when it actually produced earnings of $0.80, delivering no surprise.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Lowe's, which belongs to the Zacks Building Products - Retail industry, posted revenues of $17.74 billion for the quarter ended April 2019, surpassing the Zacks Consensus Estimate by 0.62%. This compares to year-ago revenues of $17.36 billion. The company has topped consensus revenue estimates three times over the last four quarters.

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