Lowe's hopes to top analysts' estimates that call for earnings of 58 cents per share, higher than the 47 cents per share the company reported in the same quarter a year ago.
Analysts are expecting revenue of $13.55 billion, higher compared to the $12.96 billion Lowe's posted a year ago.
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Rival Home Depot (HD) reported today that its third quarter profit rose 14% from a year ago, as comparable-store sales climbed in the U.S.
Separately, 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, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."