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Lowe's Profit Falls 30 Percent
Excerpt from the InvestorGuide.com Stock of the Day on 11/16/2009

The direction of the housing market has a direct impact on many other parts of the economy. When the market started to improve, these areas started to reap the benefits of the change. Retailers specializing in home building and improvement supplies have definitely seen a positive change in the amount of sales they are conducting on a quarterly basis. Lowe's is one of the companies that took a major hit when the housing market deteriorated during 2008 and the early part of 2009. The second-largest US home-improvement retailer posted third-quarter profit that met analysts' estimates and saw improved sales in several major big-ticket categories. Could this be an indicator that the company is finally on the right track? How does Lowe's performance stack up to Home Depot's?

The future of the housing market has become a part of the economy that is hard to predict. Every week, some indicator is painting a different picture on the actual status of the market. One thing is for sure; the housing market has not completely stabilized. This fact is one of the major reasons that each quarter at Lowe's is like a rollercoaster ride. The company was able to top expectations in the third quarter, but if we dig a little deeper it is obvious that the results were not that impressive. Net income dropped to $344 million, or 23 cents a share, from $488 million, or 33 cents, a year earlier. Revenue fell 3 percent from last year and same-store sales fell 7.5 percent in the period. The results did show some improvements from the previous quarter, but the company is still bouncing along the bottom and that will not steer the company back onto the right road. According to some analysts, the housing market may experience another big decline before finally stabilizing. If this is the case, Lowe's may be stuck at the bottom for much longer than it previously expected. Unfortunately for Lowe's, it is caught between an unstable housing market and cash-conscious consumers. More >


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Lowe's Earnings Continue to Struggle
Excerpt from the InvestorGuide.com Stock of the Day on 8/17/2009

The housing market may be improving, but home-improvement retailers are still not out of the woods yet. Lowe's reported on Monday that its second-quarter profits fell by 19.1 percent as consumers continued to delay house projects, while uncertainty remains in the fragile market. The company has seen its share of ups and downs this year, but this recession has kept earnings mostly negative. Why is the retailer still having a hard time beating Wall Street's expectations? Can the company withstand another quarter of lagging numbers? More >

Lowe's Profits Hit the Skids; Execs Look Toward Future
Excerpt from the InvestorGuide.com Stock of the Day on 11/19/2007

Monday was certainly not something that investors in home building supplier Lowe's were thankful for. Shares of the Mooresville, NC-based company shed more than 7% after the company announced a 10% drop in 3Q profits. Lowe's blamed the recent credit crunch and the lack of new home buying for its performance, and didn't leave a rosy picture for investors when it estimated that the industry wouldn't bounce back until early 2008. The company saw an increase in revenue from $11.2bn to $11.6bn, but did not get the much-desired increase in earnings to go along with it. Earnings fell from $716m in 2006 to $646m. With all the brouhaha about the slowing housing market and credit crisis, investors just want to know whether or not home supply companies can make it through the night. Can Lowe's? More >

Lowe's Profit Builds in Spite of Market
Excerpt from the InvestorGuide.com Stock of the Day on 8/20/2007

In stark contrast to rival Home Depot (HD: Charts, News, Offers), Lowe's had the distinct pleasure of announcing profits today in its quarterly earnings statement. With disappointment after disappointment in terms of earnings reports last week, creating a dour mood for investors, Lowe's news today brings a spot of hope. Their profit boost and increase in market share has already lifted their stock price in early trading. Will Lowe's recent financial successes tip the scales and advance them to the top spot in the industry? More >

Lowe's Posts $935m Profit, Lowers 3Q Expectations   8/21/2006

Will Lowe's Q-4 Profits Surge Last?   2/27/2006

Lowe's Companies (LOW) Upgrades

Date
Analyst
Old Rating
New Rating
09/23/2009
FBR Capital
Market Perform
Outperform
08/25/2009
Morgan Stanley
Equalweight
Overweight
08/13/2009
FBR Capital
Outperform
Market Perform
04/21/2009
Stifel Nicolaus
Hold
Buy
03/19/2009
Cowen & Co
Underperform
Neutral
03/17/2009
Jefferies & Co
Hold
Buy

Lowe's Companies (LOW) Downgrades

Date
Analyst
Old Rating
New Rating
09/25/2009
Raymond James
Strong Buy
Outperform
05/11/2009
Bernstein
Outperform
Market Perform
03/31/2009
Buckingham Research
Neutral
Underperform
10/06/2008
UBS
Buy
Neutral
09/15/2008
Credit Suisse
Outperform
Neutral
03/12/2008
Morgan Keegan
Market Perform
Underperform

Lowe's Companies (LOW) New Coverage

Date
Analyst
Rating
09/15/2008
Cowen & Co
Underperform
09/03/2008
Jesup & Lamont
Buy
09/03/2008
Jesup & Lamont
Buy
04/25/2008
Lehman Bros.
Overweight Rating
04/24/2008
Lehman Bros.
Overweight
01/29/2008
Morgan Keegan
Market Perform
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