As of Monday's close, shares of Home Depot are up 28% since Jan. 1. Good morning, everyone, and welcome to Lowe's Companies second-quarter 2020 earnings conference call. As of October 30, 2020, Lowe's operated 1,969 home improvement and hardware stores in the United States and Canada representing 208 million square feet of retail selling space. The home improvement retailer’s third-quarter results, due out on … MOORESVILLE, N.C., Nov. 18, 2020 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $692 million and diluted earnings per share (EPS) of $0.91 for the quarter ended October 30, 2020, which included a $1.1 billion pre-tax loss on extinguishment of debt in connection with the company's third quarter $3.0 billion cash tender offer, compared to net earnings of $1.0 billion and diluted EPS of $1.36 in the third quarter of 2019. Invites You to Join Its Third Quarter 2020 Earnings Conference Call Webcast Published: Nov. 11, 2020 at 9:00 a.m. Copyright 2021 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Under the two-class method, earnings per share is calculated using net earnings allocable to common shares, which is derived by reducing net earnings by the earnings allocable to participating securities. and triple-digit growth online. Fourth Quarter 2020 Financial Outlook (comparisons to fourth quarter 2019). This includes personalizing content and advertising. Press Release Lowe's Companies, Inc. --In conjunction with the Lowe's Companies, Inc. third quarter 2020 earnings press release, you are invited to listen to its conference call via live webcast on Wednesday, November 18, 2020 at … This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. close. Lowes Companies, Inc. price-consensus-eps-surprise-chart, the complete list of today’s Zacks #1 Rank stocks here, Cyclical Sectors Gain Momentum in Early 2021: 7 Top Picks, AWS 2/23: Nasdaq Still Down as Rotation Continues; HD Beats, PFP 2/23: Stocks End Mixed as Stimulus Talks Heat Up, 4 ETFs to Invest in Robotics & Artificial Intelligence, Top Stock Picks for the Week of February 22nd. MOORESVILLE, N.C., Nov. 18, 2020 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $692 million and diluted earnings per share (EPS) of $0.91 for the quarter ended October 30, 2020, which included a $1.1 billion pre-tax loss on extinguishment … Newsroom Newsroom. Excluding these charges, third quarter adjusted diluted EPS increased 40 percent to $1.98 from adjusted diluted EPS of $1.41 in the third quarter of 20191. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. When Lowe’s releases results ahead of the bell on Feb 24, it’s expected to report adjusted EPS of $1.20, vs. $0.94 the prior-year quarter, on revenue of $19.33 billion according to third … Lowe's Reports Third Quarter 2020 Sales And Earnings Results. Lowe's reports blowout quarter with 30% surge in revenue Published Wed, Aug 19 2020 6:11 AM EDT Updated Wed, Aug 19 2020 1:28 PM EDT Melissa Repko @melissa_repko The conference call will be available by webcast and can be accessed by visiting Lowe's website at ir.lowes.com and clicking on Lowe's Third Quarter 2020 Earnings Conference Call Webcast. Recent stocks from this report have soared up to +178.7% in 3 months. Consolidated Statements of Comprehensive Income (Unaudited), Foreign currency translation adjustments – net of tax, Accrued compensation and employee benefits, Long-term debt, excluding current maturities, Deferred revenue – extended protection plans, Preferred stock, $5 par value: Authorized – 5.0 million shares; Issued and outstanding – none, Common stock, $0.50 par value: Authorized – 5.6 billion shares; Issued and outstanding – 752 million, 768 million, and 763 million shares, respectively, Total liabilities and shareholders' equity, Consolidated Statements of Cash Flows (Unaudited). November 18, 2020 For 6:00 am ET Release LOWE’S REPORTS THIRD QUARTER 2020 SALES AND EARNINGS RESULTS — U.S. Comparable Sales Increased 30.4% --, -- Diluted EPS of $0.91 which Includes $1.05 Negative Impact from Extinguishment of Debt --, -- Company Invested over $1.1 Billion Year-to-Date to Support Associates, Store Safety and Communities in Response to COVID-19 --, -- Company Provides Fourth Quarter 2020 Financial Outlook --. close. November 12, 2020, HD Quick QuoteHD FAST Quick QuoteFAST LOW Quick QuoteLOW BECN Quick QuoteBECN. The Earnings Whisper number was $2.09 per share. Sales for the third quarter were $22.3 billion compared to $17.4 billion in the third quarter of 2019, and comparable sales increased 30.1 percent. Lowe's is scheduled to report fiscal third-quarter earnings before the market open on Wednesday. The Zacks Consensus Estimate for revenues is pegged at $20,709 million, which indicates an increase of 19.1% from the year-ago quarter.The Zacks Consensus Estimate for quarterly earnings went up by 5 cents in the past 30 days and is currently pegged at $1.94 per share. Consolidated Statements of Current and Retained Earnings (Unaudited), In Millions, Except Per Share and Percentage Data, Weighted average common shares outstanding – basic, Weighted average common shares outstanding – diluted. Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.3% per year.These 7 were selected because of their superior potential for immediate breakout.See these time-sensitive tickers now >>, The Home Depot, Inc. (HD) - free report >>, Lowes Companies, Inc. (LOW) - free report >>, Beacon Roofing Supply, Inc. (BECN) - free report >>. MOORESVILLE, N.C., May 20, 2020 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.3 billion and diluted earnings per share (EPS) of $1.76 for the quarter ended May 1, 2020, compared to a net earnings of $1.0 billion and diluted EPS of $1.31 in the first quarter of 2019. Net earnings allocable to common shares used in the basic and diluted earnings per share calculation were $689 million for the three months ended October 30, 2020 and $1,046 million for the three months ended November 1, 2019. In addition, in the Business Outlook for the fourth quarter of fiscal 2020, the Company has provided a comparison to the non-GAAP financial measure of adjusted operating income and adjusted operating margin for the fourth quarter of fiscal 2019, which exclude the impacts of certain discrete items not contemplated in Lowe's Business Outlook for 2019, to assist the user in further understanding the Company's forecasted performance for the fourth quarter of fiscal 2020 in comparison to the same period of fiscal 2019. close. Second quarter adjusted diluted EPS of $3.75 was 74 percent … I would also like to thank our outstanding frontline associates for their unwavering commitment to customer service and safety," commented Marvin R. Ellison, Lowe's president and CEO. A conference call to discuss third quarter 2020 operating results is scheduled for today, Wednesday, November 18, at 9:00 am ET. MOORESVILLE, N.C., Nov. 11, 2020 — In conjunction with the Lowe’s Companies, Inc. (NYSE: LOW) third quarter 2020 earnings press release, you are invited to listen to its conference call via live webcast on Wednesday, November 18, 2020 … "Strong execution enabled us to meet continued broad-based demand, as we delivered over 15% growth in all merchandising departments, over 20% growth across all geographic regions. Forward-looking statements involve, among other things, expectations, projections, and assumptions about future financial and operating results, objectives, business outlook, priorities, sales growth, shareholder value, capital expenditures, cash flows, the housing market, the home improvement industry, demand for products and services, share repurchases, Lowe's strategic initiatives, including those relating to acquisitions and dispositions and the impact of such transactions on our strategic and operational plans and financial results. It invested $245 million in Covid-related support for its hourly employees in the third quarter… For the first quarter ended May 1, Lowe's reported that net income rose 27.6% to $1.34 billion, or $1.76 per share, compared to earnings of $1.05 billion, or $1.31 per share, a year ago. Investors and others should carefully consider the foregoing factors and other uncertainties, risks and potential events including, but not limited to, those described in "Item 1A - Risk Factors" in our most recent Annual Report on Form 10-K and as may be updated from time to time in Item 1A in our quarterly reports on Form 10-Q or other subsequent filings with the SEC. On May 20, 2020, the Company withdrew its financial guidance for fiscal year 2020 due to limited visibility into future business trends in this unprecedented operating environment. Such investments have been helping in meeting elevated demand from DIY and pro customers. A replay of the call will be archived at ir.lowes.com. Stories Press Releases Media Resources ... Quarterly Earnings Quarterly Earnings. Also, higher demand from DIY (do-it-yourself) and pro customers across channels is likely to have remained an upside. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. To learn more, click here. Total and comparable sales growth of approximately 15 to 20 percent. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service. Good morning everyone and welcome to the Lowe's Companies' First Quarter 2020 Earnings Conference Call. Our business Our Strategy Our Locations ... Lowe’s Reports Third Quarter 2020 Sales and Earnings Results. Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 18 million customers a week in the United States and Canada. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. My name is Rob and I’ll be your operator for today’s call. My name is Rob, and I'll be your operator for today's call. Lowe's Companies last posted its quarterly earnings data on November 17th, 2020. Lowe's Companies Misses Lowe's Companies (LOW) reported 3rd Quarter October 2020 earnings of $1.98 per share on revenue of $22.3 billion. Our proven model predicts an earnings beat for Lowe’s this time around. The Zacks Rank #3 company has an Earnings ESP of +7.78% for the third quarter of fiscal 2020 (ended October 2020). Such prudent measures are likely to have boosted the company’s online sales during the quarter under review.The aforementioned factors raise optimism regarding third-quarter results. ET In conjunction with the Lowe's Companies, Inc. (NYSE: LOW) third quarter 2020 earnings press release, you are invited to listen to its conference call … I remain confident that we are making the right strategic investments to deliver sustainable, long-term growth. Excluding the cost of … Lowe's Companies (NYSE:LOW) Earnings Information. Lowe’s Cos. has seen its stock jump as people spend more money on their homes. At quarter-end, the Company had $8.2 billion of cash and cash equivalents as well as $3.0 billion in undrawn capacity on its revolving credit facilities, which will be available for any unanticipated liquidity needs. Earnings Conference Call Third Quarter 2020 Results November 4, 2020 Architects of Continuity™ Confidential. During the quarter, the Company made a cash tender offer for $3.0 billion of higher-coupon bonds, and issued $4.0 billion of senior unsecured notes at a weighted average interest rate of 2.17%, which is a record low in company history. Lowe's Companies, Inc. Invites You to Join Its Fourth Quarter 2020 Earnings Conference Call Webcast Feb 17 2021 MOORESVILLE, N.C. , Feb. 17, 2021 /PRNewswire/ -- In conjunction with the Lowe's Companies, Inc. (NYSE: LOW) fourth quarter 2020 earnings press release, you are invited to listen to its conference call via live webcast on Wednesday, February 24, 2021 at 9:00 a.m. … The consensus earnings estimate was $1.97 per share on revenue of $20.6 billion. ET With fiscal year 2019 sales of $72.1 billion, Lowe's and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. This report reveals the 7 stocks predicted to have the most explosive gains over the next 30-90 days. CHICAGO, Oct. 20, 2020 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) will report third quarter 2020 results before the market opens on Monday, November 2, 2020. TD BANK GROUP • THIRD QUARTER 2020 • EARNINGS NEWS RELEASE Page 2 The U.S. Retail Bank, which excludes the Bank’s investment in TD Ameritrade, contributed $356 million (US$260 million) in earnings, down 64% (65% in U.S dollars) from the same quarter last year, reflecting higher PCL and lower revenue. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Zacks Equity Research Invites You to Join Its Third Quarter 2020 Earnings Conference Call Webcast Published: Nov. 11, 2020 at 9:00 a.m. Visit www.zacksdata.com to get our data and content for your mobile app or website. Only Zacks Rank stock-rating system everyone and welcome to Lowe ’ s Cos. has seen its jump... 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