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Upcoming earnings report from Lowe's prompts revisions to forecasts by top analysts.

ResultsRead the original at benzinga.com
Neutral

Analysts have revised their earnings forecasts ahead of Lowe's upcoming earnings report, indicating potential market movement.

LOW · Lowe's Companies, Inc.

AI read · Neutral

The AI's read

Lowe's reports earnings pre-market Aug 19 and analysts have trimmed EPS and price targets ahead of the call. Consensus EPS is $4.23 versus $4.33 year-ago and revenue is expected around $26.12 billion. Market reaction is muted. The stock barely moved (-0.1%) while RSI sits at 71.7, implying short-term optimism may already be priced in. Analyst cuts trimmed upside but ratings mostly stayed positive, so the real catalyst will be guidance and same-store sales in the call. We lean neutral until the print because the reported downtick and PT cuts look largely anticipated.

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