NEW YORK (TheStreet) -- Lowe's Companies (LOW) shares are up 1.2% to $50.60 on Monday after analysts at Credit Suisse (CS) advised that investors buy the company's stock ahead of its second quarter earnings release Wednesday morning.
The firm cites strong spring home retail numbers as a reason for the optimistic outlook and says that it expects earnings and same store sales growth to come in ahead of analysts consensus estimates for the period.
Analysts expect Lowe's to report earnings of $1.02 per diluted share on revenue of $16.6 billion.
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TheStreet Ratings team rates LOWE'S COMPANIES INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate LOWE'S COMPANIES INC (LOW) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."