What to Expect When Lowe’s (LOW) Reports Earnings Results Tomorrow

NEW YORK (TheStreet) -- Lowe's Companies Inc. (LOW) is scheduled to release its 2015 first quarter earnings results before the market open on Wednesday morning. Analysts are expecting the home improvement supply retail chain to post a year-over-year increase in earnings and revenue for the quarter ended April 2015.

Lowe's has been forecast to report earnings of 74 cents per share on revenue of $14.27 billion for the most recent quarter.

Last year, Lowe's said its net earnings were 61 cents per share on revenue of $13.4 billion for the 2014 first quarter.

Shares of Lowe's are down by 0.57% to $72.64 in late morning trading on Tuesday.

Earlier today, Lowe's competitor Home Depot  (HD) reported better than expected earnings of $1.21 per diluted share on revenue of $20.9 billion.

Separately, TheStreet Ratings team rates LOWE'S COMPANIES INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate LOWE'S COMPANIES INC (LOW) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

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