Lowe’s Companies Inc. (LOW) : Earnings Whisper

Lowe’s Companies Inc. (LOW) is scheduled to release its 2Q’15 earnings results before the markets open on Wednesday. Checking in on the numbers, the Street’s estimates for the quarter reflect an expected profit of $1.24 per share, up 19.23% from $1.04 in the same quarter last year. Revenue is projected to post a 4.33% year-over-year [YoY] increase to $17.32 billion from $16.6 billion a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $1.25 per share.

As a quick reminder, Lowe’s reported 1Q/15 EPS of $0.70, $0.04 worst than the Street’s consensus estimate of $0.74. Revs increased 5.22% yoy to $14.1 billion versus the $14.27 billion consensus.

On valuation measures, Lowe’s Companies Inc. shares are currently priced at 25.83x this year’s forecasted earnings, compared to the industry’s 19.06x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.26 and 18.37, respectively. Price/Sales for the same period is 1.18 while EPS is $2.80. Currently, there are 17 analysts that rate LOW a ‘Buy’ vs. 10 rating it a ‘Hold’. No analyst rates it a ‘Sell’. LOW has a median Wall Street price target of $80 with a high target of $88.

In terms of share statistics, Lowe’s has a total of 932.69 million shares outstanding with 0.17% held by insiders and 77.60% held by institutions. The stock’s short interest currently stands at 1.50%, bringing the total number of shares sold short to 13.95 million.

Offering a dividend yield of 1.55%, shares of Mooresville, North Carolina-based home improvement retailer are up 45.24% year-over-year and 5.95% since the beginning of the year.

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