Lowe's (LOW) Dips More Than Broader Markets: What You Should Know

Lowe's (LOW) closed the most recent trading day at $190.96, moving -0.9% from the previous trading session. This change lagged the S&P 500's daily loss of 0.18%.

Heading into today, shares of the home improvement retailer had lost 1.54% over the past month, outpacing the Retail-Wholesale sector's loss of 3.25% and lagging the S&P 500's gain of 2.44% in that time.

Wall Street will be looking for positivity from LOW as it approaches its next earnings report date. In that report, analysts expect LOW to post earnings of $3.92 per share. This would mark year-over-year growth of 4.53%. Our most recent consensus estimate is calling for quarterly revenue of $26.9 billion, down 1.48% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $10.88 per share and revenue of $91.37 billion, which would represent changes of +22.8% and +1.98%, respectively, from the prior year.

Any recent changes to analyst estimates for LOW should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.44% lower. LOW currently has a Zacks Rank of #4 (Sell).

Valuation is also important, so investors should note that LOW has a Forward P/E ratio of 17.71 right now. This valuation marks a premium compared to its industry's average Forward P/E of 15.37.

Also, we should mention that LOW has a PEG ratio of 1.29. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Building Products - Retail industry currently had an average PEG ratio of 1.29 as of yesterday's close.

The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 96, putting it in the top 38% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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