Lowe's beat Q4 earnings expectations, with CEO expressing confidence in industry and strategy.
From StockTwits: 2025-02-26 23:04:14
Stocktwits sentiment shifted to ‘extremely bullish’ as Lowe’s Companies Inc. (LOW) shares rose nearly 2% following better-than-expected Q4 earnings. EPS of $1.93 surpassed estimates of $1.84, with total sales at $18.6 billion, beating expectations of $18.3 billion. Comparable sales increased 0.2%, driven by strong holiday performance and hurricane rebuilding efforts. CEO Marvin Ellison expressed confidence in the industry and strategy, awarding $80 million in bonuses to frontline associates. For 2025, sales are projected between $83.5 billion and $84.5 billion, with diluted EPS of $12.15 to $12.40. Truist lowered the price target to $295. Sentiment is now ‘extremely bullish’ on Stocktwits, with one bullish comment anticipating price target hikes. Lowe’s stock is up 0.11% year-to-date.
Read more at StockTwits: Lowe’s Stock Rises On Q4 Earnings Beat: Retail Sentiment Brightens