With a market cap. of $111.2 billion, Lowe's Companies, Inc. (LOW) is a home improvement retailer, employing approximately 300,000 associates and operating over 1,750 stores, 540 branches, and 120 distribution centers. The company supports communities through affordable housing initiatives, community improvement, skilled-trade development, and disaster relief.
The Mooresville, North Carolina-based company is expected to announce its fiscal Q3 2026 results before the market opens on Wednesday, Nov. 18. Ahead of this event, analysts expect LOW to report an adjusted EPS of $2.86, down 6.5% from $3.06 in the year-ago quarter. However, it has surpassed Wall Street's earnings estimates in each of the last four quarters.
More Top Stocks Daily: Go behind Wall Street’s hottest headlines with Barchart’s Active Investor newsletter.
For fiscal 2026, analysts project the home improvement retailer to post an adjusted EPS of $12.25, a marginal decline from $12.29 in fiscal 2025. Nevertheless, adjusted EPS is anticipated to grow 6.1% year-over-year to $13 in fiscal 2027.
www.barchart.com Lowe's shares have dropped 18.9% over the past 52 weeks, underperforming both the S&P 500 Index's ($SPX) 12.3% rise and the State Street Consumer Discretionary Select Sector SPDR ETF's (XLY) 4.3% decline over the period.
www.barchart.com Lowe’s shares rose over 2% on Aug. 19 after the company reported better-than-expected Q2 2026 results, with EPS of $4.27 and gross margin of $8.58 billion, supported by resilient home-repair and maintenance demand. Contractor-driven sales and spending on essential home upkeep helped offset weakness in large do-it-yourself remodeling projects as cautious consumers limited discretionary purchases, although revenue of $25.96 billion missed the estimate. Despite lowering its full-year comparable-sales outlook from flat-to-2% growth to no growth, shares gained as investors welcomed the earnings beat and anticipated that lower mortgage rates could support a recovery in housing activity and home-improvement demand.
Analysts' consensus view on LOW stock is cautiously optimistic, with an overall "Moderate Buy" rating. Among 30 analysts covering the stock, 20 recommend "Strong Buy," one suggests "Moderate Buy," eight indicate “Hold,” and one gives "Strong Sell." This configuration is slightly more bullish than three months ago, with 19 analysts suggesting a "Strong Buy."
The average analyst price target is $251.06, suggesting a potential upside of 26.7% from current levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
Alphabet Stock Is Having a Terrible Run in 2026. How Q3 Earnings Could Turn the Tide for GOOG. Dear Chipotle Stock Fans, Mark Your Calendars for October 28 Oracle’s Next AI Push Targets the Daily Office Workload Apple vs. Alphabet: Gemini Powers Siri, but Only One Stock Still Looks Cheap