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Home Depot Offered a Rough Outlook. Why Lowe’s Stock Is Getting Hit Hard, Too.

Por: MarketWatch Business May 16, 2023

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Lowe’s stock was down 1.5% in recent trading Tuesday, while Home Depot fell 1.6%. Analysts have already been their earnings per share and revenue estimates for Lowe’s (ticker: LOW), which stand at $3.45 a share and $21.68 billion, respectively. However, Home Depot’s (HD) quarterly results will likely lead to further estimate revisions before Lowe’s reports earnings on May 23. That’s because worrisome data in Home Depot’s report... + full article



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