Lowe's Earnings Approaching, Multiple Top Analysts Adjust Forecasts

Lowe's Companies will release its second-quarter earnings before the U.S. market opens on Wednesday, August 19.

Analysts expect the Mooresville, North Carolina-based company to report quarterly earnings of $4.23 per share, below the $4.33 per share from the same period last year. The consensus estimate for Lowe's quarterly revenue is $26.12 billion, compared to $23.96 billion in the year-ago period.

On May 29, Lowe's raised its quarterly dividend from $1.20 per share to $1.25 per share.

Lowe's shares fell 0.1% on Tuesday, closing at $215.64. Readers can access the latest analyst ratings on the analyst stock ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change, or other variables.

Let's see how the most accurate analysts have recently rated the company.

Citi analyst Steven Zaccone maintained a Buy rating and lowered the price target from $285 to $267 on August 13. The analyst has an accuracy rate of 53%.

Piper Sandler analyst Peter Keith maintained an Overweight rating and lowered the price target from $276 to $274 on August 13. The analyst has an accuracy rate of 67%.

RBC Capital analyst Steven Shemesh maintained a Sector Perform rating and lowered the price target from $232 to $231 on August 12. The analyst has an accuracy rate of 60%.

Wells Fargo analyst Zachary Fadem maintained an Overweight rating and significantly lowered the price target from $255 to $245 on August 11. The analyst has an accuracy rate of 78%.

JPMorgan analyst Christopher Horvers maintained an Overweight rating and lowered the price target from $279 to $252 on July 31. The analyst has an accuracy rate of 70%.

Considering buying LOW stock? Here's what analysts think.