Lowe's shares have added about 2.2% since its last earnings report, outperforming the S&P 500. The home improvement retailer reported first-quarter fiscal 2026 adjusted earnings of $3.03 per share, beating the Zacks Consensus Estimate of $2.96, while net sales rose 10.3% to $23.1 billion, surpassing the $22.9 billion consensus. Comparable sales increased 0.6%, driven by strong spring demand, continued Pro momentum, and a 15.5% jump in online sales. Lowe's reaffirmed its fiscal 2026 outlook, projecting total sales between $92 billion and $94 billion and adjusted earnings per share of $12.25 to $12.75. Despite the positive results, estimates have trended downward over the past month, and the stock currently carries a Zacks Rank #3 (Hold).
Lowe's Companies IncBeat earnings estimates and raised sales guidance.
The Home Depot Inc