Lowe’s Companies (NYSE:LOW) Posts Earnings Results, Beats Expectations By $0.06 EPS

Lowe’s Companies (NYSE:LOW) announced its quarterly earnings results on Wednesday. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.06, FiscalAI reports. The firm had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the firm posted $2.92 EPS. Lowe’s Companies updated its FY 2026 guidance to 12.250-12.750 EPS.

Here are the key takeaways from Lowe’s Companies’ conference call:

• Lowe’s reported Q1 sales of $23.1 billion, with comparable sales up 0.6% and adjusted EPS of $3.03, driven by strong spring execution and continued strength in pro, appliances, online, and home services.
• Pro, online, and home services remained key growth engines, with online sales up 15.5% and management highlighting gains from loyalty, same-day delivery, and AI tools like Mylow and Mylow Companion.
• The company affirmed its fiscal 2026 outlook, including sales of $92 billion-$94 billion, comparable sales of flat to up 2%, and adjusted EPS of approximately $12.25-$12.75.
• Management said the broader home improvement market remains challenged by high interest rates, low housing turnover, and weak DIY demand, but Lowe’s expects to keep taking share through disciplined execution and its Total Home strategy.
• Executives emphasized that AI and productivity initiatives are already improving operations, from faster pro quoting to better replenishment and back-end efficiency, with the company targeting $1 billion in PPI benefits this year.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $217.45 on Friday. The stock has a market cap of $121.79 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 4.25 and a beta of 0.91. The company has a 50 day moving average of $235.39 and a 200-day moving average of $248.26. Lowe’s Companies has a one year low of $208.00 and a one year high of $293.06.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 40.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Evercore decreased their price target on Lowe’s Companies from $250.00 to $230.00 in a research report on Thursday. Stifel Nicolaus decreased their target price on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating on the stock in a report on Monday. HSBC cut their price target on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a report on Thursday. Jefferies Financial Group decreased their price objective on shares of Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Gordon Haskett reduced their target price on shares of Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $264.57.

Institutional Trading of Lowe’s Companies

A number of institutional investors have recently bought and sold shares of LOW. Price T Rowe Associates Inc. MD lifted its stake in shares of Lowe’s Companies by 45.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,555,565 shares of the home improvement retailer’s stock valued at $1,580,941,000 after purchasing an additional 2,039,343 shares during the period. Viking Global Investors LP bought a new position in Lowe’s Companies during the fourth quarter worth about $219,948,000. Worldquant Millennium Advisors LLC grew its position in shares of Lowe’s Companies by 243.2% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock worth $247,817,000 after buying an additional 791,526 shares during the period. Amundi raised its position in shares of Lowe’s Companies by 32.4% in the 4th quarter. Amundi now owns 1,876,570 shares of the home improvement retailer’s stock valued at $452,554,000 after acquiring an additional 459,650 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Lowe’s Companies by 191.8% during the 3rd quarter. AQR Capital Management LLC now owns 656,222 shares of the home improvement retailer’s stock worth $164,915,000 after acquiring an additional 431,304 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Trending Headlines about Lowe’s Companies

Here are the key news stories impacting Lowe’s Companies this week:

• Positive Sentiment: Lowe’s delivered Q1 EPS of $3.03 versus $2.97 expected and revenue of about $23.1 billion versus $23.0 billion expected, helped by stronger Pro customer demand, spring execution, and online sales growth. Lowe’s (LOW) Q1 2026 Earnings Call Transcript
• Positive Sentiment: The company boosted its Pro business with a new AI-driven “Material Lists” tool, which could improve efficiency and support contractor sales over time. Lowe’s Boosts Pro Efficiency with AI-Driven Material Lists
• Neutral Sentiment: Management kept its full-year outlook intact, but that guidance was viewed as cautious and only modestly below some Wall Street expectations, limiting enthusiasm for the beat. Lowe’s shares fall as cautious outlook overshadows Q1 beat
• Neutral Sentiment: Analysts broadly trimmed price targets after the report, but most kept buy/overweight-style ratings, signaling reduced near-term optimism rather than a full bullish reversal. Lowe’s Analysts Slash Their Forecasts Following Q1 Results
• Negative Sentiment: Multiple firms cut targets in response to concerns about weak DIY demand, margin pressure, rising rates, and cost inflation, including downgrades/trimmed targets from BNP Paribas Exane, TD Cowen, HSBC, UBS, JPMorgan, Goldman Sachs, and others.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.