Lowe's Companies (NYSE:LOW) reported its Q1 earnings results on Wednesday, May 18, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Lowe's Companies beat estimated earnings by 8.67%, reporting an EPS of $3.51 versus an estimate of $3.23.
Revenue was down $763.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08 which was followed by a 0.78% drop in the share price the next day.
Here's a look at Lowe's Companies's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.70 | 2.35 | 4 | 2.54 |
| EPS Actual | 1.78 | 2.73 | 4.25 | 3.21 |
| Revenue Estimate | 20.87B | 21.99B | 26.79B | 23.35B |
| Revenue Actual | 21.34B | 22.92B | 27.57B | 24.42B |
To track all earnings releases for Lowe's Companies visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
