Patio furniture maker Lowe’s Companies (LOW) is scheduled to post its fourth-quarter 2018 earnings on Feb. 27, before the opening bell.
All eyes would be on the bottom line with the Street expecting earnings of about 80 cents a share.
While earnings beat estimate in the previously reported third quarter, it stands to fact that it missed the four quarters before the beat.
For the upcoming fourth-quarter announcement, analysts predict about $15.7 billion in revenues.
In the quarter that passed, Lowe’s seems to have contained costs and improved cash flow from operations. For the full year 2018, Lowe’s expects total sales to grow 4% y-o-y with comparable sales growth of 2.5%, generating adjusted earnings between $5.08 and $5.13 a share.
While focusing on modernizing its way of sales, Lowe’s has also been busy streamlining the business. With plans to exit Mexico retails ops and shutter its Orchard Supply Hardware business, Lowe’s seems to be moving its resources to focus on the core business, and that is a good sign.
In the previously reported third-quarter, Lowe’s Companies beat market estimates for revenue and earnings, but poor comp sales pulled the stock down following the results announcement.
In the third quarter, the furniture giant then saw total sales grow 3.8% while comp sales inch up 1.5%. US home improvement comp sales rose 2% in the three-month period. Adjusted EPS fell 1%.
In the quarter, Lowe’s benefited from a favorable macroeconomic environment that drove traffic to its stores and website, but these were offset by challenges in inventory and assortments.
Conagra Brands Inc. (NYSE: CAG) reported strong results for the third quarter of 2021 which surpassed expectations. Net sales increased 8.5% to $2.8 billion helped by the increase in at-home
Shares of Carnival Corp. (NYSE: CCL) were down over 2% on Thursday. The company reported first quarter 2021 earnings results a day ago which missed expectations. Despite seeing a drastic
Widespread flight cancellations and restrictions on the hotel industry during the pandemic have had a ripple effect on credit card companies and payment service providers. After going through a rough