- Lowe’s 3Q net sales were $20.47 billion, which is a 13% decrease year-on-year (y/y).
- The sales were less than the estimated $20.91 billion.
- Earnings per share (EPS) were $3.06, a significant increase from 25 cents y/y.
- Comparable sales decreased by 7.4%, which was more than the estimated decrease of 4.9%.
- Gross profit was $6.89 billion, a 12% decrease y/y, and less than the estimated $6.99 billion.
- Gross margin was 33.7%, a slight increase from 33.3% y/y, and higher than the estimated 33.3%.
- Selling, General & Administrative (SG&A) costs as a percentage of revenue were 18.4%, a decrease from 27.5% y/y, but slightly higher than the estimated 18.2%.
- Operating margin was 13.2%, a significant increase from 3.93% y/y, and in line with the estimated 13.2%.
- There were 20 buys, 15 holds, and 3 sells for Lowe’s stock.
Lowe’s Companies Inc on Smartkarma
Analysts on Smartkarma, an independent investment research network, have published research reports on Lowe’s Companies Inc.
The reports, written by Baptista Research, have a bullish sentiment.
The first report is titled “Lowe’s Companies Inc.: Is The Expansion of Store-in-Store Concept A Possible Game Changer? – Major Drivers”
and highlights the positive result and all-around beat Lowe’s Companies delivered last quarter.
It goes on to mention the investments made into the omnichannel experience, which yielded positive results with favorable comps in the Pro segment and substantial growth of 6.9% in comparable online sales.
The second report is titled “Lowe’s Companies Inc: Launch of Digital MVP Business Tools for Pros & Other Developments”
and focuses on the MVPs Pro Rewards Program and the expanded assortment of Pro national brands.
It notes that despite the pressures, comparable Pro sales are a bit positive, with broad-based strength in several categories.
A look at Lowe’s Companies Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Lowe’s Companies Inc is a home improvement retailer based in the United States that supplies building materials and services for home decorating, maintenance, repair, remodeling and property maintenance. The company has recently been given a long-term outlook of 4-5 on the Smartkarma Smart Scores, indicating that the company is doing well on factors of value, dividend, growth, resilience, and momentum.
As Lowe’s Companies Inc continues to remain steadfast in their commitment to the home improvement industry, they have been rewarded with a strong score of 4-5 on the Smartkarma Smart Scores. This score reflects the company’s commitment to delivering value, dividends, growth, resilience, and momentum to their customers, making them a reliable and dependable choice for home improvement needs.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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