Lowe’s (NYSE:LOW) 2024 Guidance Misses Analyst Expectations

Lowe’s logged a stronger 4Q than Wall Street had been expecting, but its outlook for fiscal 2024 missed current analyst estimates. The home-improvement giant says it expects comparable sales, which strip out the impacts of store openings and closings, to fall 2% to 3% this year, which is a smaller decline than it saw in 2023 but steeper than the 1.5% drop analysts are currently projecting. Guidance for $84B to $85B in annual revenue is below current estimates for $85.36B, and its forecast for $12 to $12.30 a share in annual earnings comes in under current projections for $12.68 a share.

Scroll to Top