Lowe's Companies LOW reported its Q2 earnings results on Wednesday, August 17, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Lowe's Companies beat estimated earnings by 1.08%, reporting an EPS of $4.67 versus an estimate of $4.62.
Revenue was down $94.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.28 which was followed by a 2.2% increase in the share price the next day.
Here's a look at Lowe's Companies's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 3.23 | 1.70 | 2.35 | 4 |
EPS Actual | 3.51 | 1.78 | 2.73 | 4.25 |
Revenue Estimate | 23.76B | 20.87B | 21.99B | 26.79B |
Revenue Actual | 23.66B | 21.34B | 22.92B | 27.57B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Lowe's Companies management provided guidance for FY 2022, expecting earnings between $13.1 and $13.6 per share.
To track all earnings releases for Lowe's Companies visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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