Lowe's Likely To Report Lower Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Lowe's Companies, Inc. LOW is expected to release earnings results for its fourth quarter, before the opening bell on Feb. 27, 2024.

Analysts expect the Mooresville, North Carolina-based company to report quarterly earnings at $1.68 per share, down from year-ago earnings of $2.28 per share. Lowe's is projected to report quarterly revenue of $18.45 billion, compared to $22.45 billion in the year-earlier quarter, according to data from Benzinga Pro.

Lowe's, last month, named Margi Vagell as executive vice president, supply chain, effective March 1, 2024.

Lowe's shares fell 0.5% to close at $231.32 on Monday.

Benzinga 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 have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Telsey Advisory Group analyst Joseph Feldman reiterated a Market Perform rating with a $215 price target on Feb. 23, 2024. This analyst has an accuracy rate of 75%.
• Baird analyst Peter Benedict upgraded the stock from Average to Outperform with a price target of $250 on Feb. 14, 2024. This analyst has an accuracy rate of 70%.
• Wells Fargo analyst Zachary Fadem maintained an Overweight rating and raised the price target from $235 to $250 on Feb. 13, 2024. This analyst has an accuracy rate of 87%.
• JP Morgan analyst Christopher Horvers upgraded the stock from Neutral to Overweight rating and raised the price target from $210 to $265 on Feb. 12, 2024. This analyst has an accuracy rate of 75%.
• Piper Sandler analyst Peter Keith maintained an Overweight rating and boosted the price target from $218 to $245 on Jan. 16, 2024. This analyst has an accuracy rate of 74%.

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