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Lowe’s Companies, Inc. (NYSE:LOW) Announces earnings Report, A Probable Sign of Breakout

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.

Published by Duncan Oleinic

Duncan Oleinic is from New Yourk. After graduating with a degree in physics, he began his career as an analyst in a broking firm. Through this experience he was able to advance to the role of correspondent for a U.S based financial news provider, where he worked from 2001 to 2007. He subsequently joined a merchant banking firm as a financial analyst focused on valuing unlisted companies in the sub-continent. Over the course of his two years here, he performed valuations of several media companies which were later acquired by peers.

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