What's Happening with LOW
Lowe's (LOW) is scheduled to release its Q4 results before the opening bell February 26. The consensus calls for earnings of $0.91 per share, up from $0.80 during the same period last year. LOW stock is up 4.8% year to date.
Technical Analysis
LOW was recently trading at $124.88 down $1.85 from its 12-month high and $33.28 above its 12-month low. InvestorsObserver gives LOW a 70 long-term technical score and a 86 short-term technical score. The stock has recent support above $120 and recent resistance below $126.75. Of the 22 analysts who cover the stock 17 rate it Strong Buy, 2 rate it Buy, 3 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, LOW gets an overall score of 74 from InvestorsObserver.
Analysts' Thoughts
LOW stock has trended steadily higher over the last six months and shares are currently trading just shy of their all-time high. Investor sentiment remains bullish with the stock trading at just 18 times future earnings which are forecast to rise at an annual rate of 15.5% over the next five years. Lowe's has outpaced estimates on the bottom line the last two quarters while revenue fell short of estimates last quarter. The street expects Lowe's to post another positive earnings surprise this quarter with a whisper number of $0.95. The outlook remains favorable for the housing sector which should keep momentum in home goods retailers as new and current homeowners continue to invest in their properties. LOW is trading at $124.60 with an average price target of $134.20.