Boston, MA 05/19/2014 (wallstreetpr) – Lowe’s Companies, Inc. (NYSE:LOW) is a leading American company which recently announced to publish its earnings for the Q1 2014. It looks like a race is going on among all the rivals i.e. The Home Depot, Inc. (NYSE:HD) and Lumber Liquidators Holdings Inc (NYSE: LL) as both the companies had announced their earnings few days back and now LOW has decided to join the party.
Q4 Financial Results:
Last time when Lowe’s Companies, Inc. (NYSE:LOW) announced the financial results, it met with Wall Street Expectations. As the announcement is just around the corner, keeping an eye over last quarter’s earnings won’t be a bad option either. The Q4 of the previous year was one of the best quarters for the company as the total revenue rose to $11.7 billion. The total increase percentage from the previous quarter was 5.6%, which can be considered as a good rate. The company announced a total net income of $306 million in the Q4, which was again 6% higher than the previous quarter’s financial figures. At the same time, the company announced a share repurchase program of worth $5 billion, which worked as fuel in the fire. When asked about the analytical aspect of Lowe’s Companies, Inc. (NYSE:LOW)’s performance from one of the Edward Jones & Co.’s analysts, he said that was one of the best quarters for the company, and the main reason behind it was nothing but an excellent performance in the home improvement category.
On the basis of the past quarter, the consensus expects EPS of $0.60, slightly below than the last quarter’s figures. The total revenues are expected to be around $13.86 billion mark, which is slightly good for the company. If analyzed carefully, one can see that the Lowe’s Companies, Inc. (NYSE:LOW)’s EPS has increased by 14% in the past two years, which is more than the industry increment rate. So one can expect better figures in the coming months.