Overview

* Lowe's Q3 adjusted EPS beats analyst expectations, reaching $3.06

* Company's Q3 sales slightly miss analyst estimates, totaling $20.8 bln

* Comparable sales for Q3 increase 0.4%, driven by online and home services growth

Outlook

* Lowe's raises full-year 2025 sales forecast to $86.0 bln from $84.5-$85.5 bln

* Comparable sales for 2025 expected to remain flat

* Adjusted diluted EPS for 2025 forecasted at $12.25

Result Drivers

* ONLINE SALES GROWTH - Online sales increased by 11.4%, contributing to the overall growth in comparable sales

* ACQUISITION COSTS - $129 mln in pre-tax expenses related to acquisitions impacted EPS

* PRO SALES GROWTH - Continued growth in Pro sales supported comparable sales increase

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Slight $20.81 $20.82

Miss* bln bln (25

Analysts

)

Q3 Beat $3.06 $2.97

Adjusted (27

EPS Analysts

)

Q3 EPS $2.88

Q3 Net $1.62

Income bln

Q3 0.40%

Comparab

le Sales

GROWTH

Q3 $2.48

Operatin bln

g Income

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy", 12 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the home improvement products & services retailers peer group is "buy"

* Wall Street's median 12-month price target for Lowe's Companies Inc is $280.00, about 21.6% above its November 18 closing price of $219.57

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)