Lowe’s (NYSE: LOW) will report its fiscal second-quarter earnings before the market opens on Aug. 19.
Much like its chief rival, Home Depot, the home improvement and building-products retailer’s business has been stuck of late as it contends with soft demand
While Lowe’s reported better-than-expected results last quarter, management maintained a soft outlook, setting low expectations for the year. Lowe’s shares are down by about 10.5% year to date. Already trading at a cheap valuation compared to its main peer, the stock could become even more of a bargain if investors react negatively to the upcoming earnings release.
Lowe’s Q2 fiscal 2027 earnings preview For the quarter that ended on Aug. 1, sell-side forecasts call for revenue of $26.2 billion and earnings of $4.24 per share. That would amount to year-over-year sales growth of 9.3% and a 2% decline in earnings. Lowe’s has made some large acquisitions since last year, including Foundation Building Materials and Artisan Design Group.