Home Improvement Retail

In an equity research note, Goldman Sachs maintains its Neutral rating on Lowe's Companies, Inc. (NYSE: LOW) as quarter sales were reported as better than trend and guidance. According to Goldman, “LOW reported 3Q11 of $0.35 ex-charges, above our $0.34 and consensus of $0.33, and at the high end...

Morgan Stanley reiterates its Underweight rating on Lowe's Companies, Inc. (NYSE: LOW) as mixed results were not seen as reinforcement for either bull or bear case on company. According to Morgan Stanley, “LOW reported 3Q11 comp sales of +0.7%, slightly ahead of our estimates of flat while...

Oppenheimer maintains its Outperform rating and $25 price target on Lowe's Companies, Inc. (NYSE: LOW) on mixed A3 results. According to Oppenheimer, “Comp sales of +0.7% topped plan and imply a trend similar to that of Q2 (Jul.). Better top line growth, however, seemingly came at the expense of...

Citigroup maintains its Neutral rating and $23 price target on Lowe's Companies, Inc. (NYSE: LOW) as the company comes modestly ahead of estimates on 3Q EPS. According to Citi, “LOW reported adjusted 3Q EPS of $0.35, vs. our estimate of $0.32 (we were a penny below Street at $0.33) and $0.30 LY....

A report from Jefferies reiterates its Hold rating and $20 price target on Lowe's (NYSE: LOW). The report states, “Maintain Hold rating on lower quality EPS beat. Top-line was a little better than expected while gross margins declined significantly and expenses from operations were down more than...

J.C. Penney Co (NYSE: JCP) swung to a loss in the fiscal third quarter. J.C. Penney posted a quarterly loss of $143 million, or $0.67 per share, versus a year-ago profit of $44 million, or $0.19 per share, in the year-earlier period. Its sales fell 4.8% to $3.99 billion. On an adjusted basis, J.C....

Monday, November 14, 2011 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. Benzinga's Top News Warren Buffett reveals he has been buying $10.7B of IBM (NYSE: IBM) last quarter Mario Monti, former EU competition...

Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dropped 43 points to 12,069.00 and S&P 500 index futures fell 7.50 points to 1,254.10. Nasdaq 100 futures declined 9.50 points to 2,340.75. A Peek Into Global Markets European markets were...

Lowe's Cos (NYSE: LOW) reported a decline in its Q3 net profit. Lowe's quarterly profit fell to $225 million, or $0.18 per share, from $404 million, or $0.29 per share, in the year-ago period. Its sales rose to $11.85 billion from $11.59 billion. Lowe's projects Q4 total sales to surge about 8...

US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dropped 24 points to 12,088.00 and S&P 500 index futures fell 5 points to 1,256.60. Nasdaq 100 futures declined 10.50 points to 2,339.75. US stocks closed higher on Friday, with the Dow Jones Industrial...

J.C. Penney Company Inc (NYSE: JCP) is expected to report its Q3 EPS at $0.09 on sales of $3.99 billion. Concord Medical Services Holdings Limited (NYSE: CCM) is expected to report its Q3 EPS at $0.13 on revenue of $20.50 million. Urban Outfitters Inc (NASDAQ: URBN) is estimated to report its Q3...

Some of the stocks that may grab investor focus today are: Wall Street expects Lowe's Companies Inc (NYSE: LOW) to report its Q3 EPS at $0.33 on sales of $11.69 billion. Lowe's shares rose 2.89% to close at $23.11 on Friday. Analysta are expecting SORL Auto Parts Inc (NASDAQ: SORL) to have earned...

Home Depot (NYSE: HD) announces its next round of earnings this Tuesday, November 15, 2011. Here is Benzinga's everything-that-matters guide for this Tuesday's third quarter earnings announcement. Earnings and Revenue: Ahead of the company's earnings announcement, analysts are expecting a...

Home Depot (NYSE: HD) announces its next round of earnings this Tuesday, November 15, 2011. Here's Benzinga's essential guide to Home Depot's third quarter earnings report. Earnings and Revenue: Wall Street expects an EPS of 59 cents/share and revenues of $17.09 billion. Home Depot's latest...

Lowe's Companies (NYSE: LOW) announces its next round of earnings this Monday, November 14, 2011. Get prepared with Benzinga's ultimate preview for Lowe's Companies' third quarter earnings. Earnings and Revenue: Analysts are predicting an EPS reading of 33 cents/share and revenues of $11.7...