These Analysts Cut Their Forecasts On Lowe's After Q1 Results
These Analysts Cut Their Forecasts On Lowe's After Q1 Results
Lowe's Companies Inc (NYSE:LOW) reported better-than-expected first-quarter financial results on Tuesday.
勞氏公司（紐約證券交易所代碼：LOW）週二公佈的第一季度財務業績好於預期。
The company reported a first-quarter FY24 sales decline of 4.4% year-on-year to $21.364 billion, beating the analyst consensus estimate of $21.123 billion. EPS of $3.06 beat the analyst consensus estimate of $2.94, according to data from Benzinga Pro.
該公司報告稱，24財年第一季度銷售額同比下降4.4％，至213.64億美元，超過了分析師共識估計的211.23億美元。根據Benzinga Pro的數據，每股收益爲3.06美元，超過了分析師普遍預期的2.94美元。
Comparable sales decreased 4.1% due to a decline in DIY big ticket discretionary spending was partially offset by positive comparable sales in Pro and online.
由於DIY大票全權支出的下降，可比銷售額下降了4.1％，但專業版和在線版的正可比銷售額部分抵消了這一下降。
"We are pleased with our start to spring, driven by strong execution and enhanced customer service," said Marvin R. Ellison, Lowe's chairman, president and CEO. "This quarter we rolled out our new DIY loyalty program nationally, expanded same-day delivery options and took market share in key categories."
勞氏董事長、總裁兼首席執行官馬文·埃裏森表示：“在強勁的執行力和增強的客戶服務的推動下，我們對春季的開局感到高興。”“本季度我們在全國範圍內推出了新的DIY忠誠度計劃，擴大了當日送達選項，並在關鍵類別中佔據了市場份額。”
Lowe's said it sees FY24 revenue of $84 billion-$85 billion, against the Street view of $84.434 billion. The company expects FY24 EPS of $12.00-$12.30 against the consensus of $12.19. LOW expects FY24 comparable sales to decline 2% – 3%.
勞氏表示，預計24財年收入爲840億至850億美元，而華爾街的收入爲844.34億美元。該公司預計，24財年每股收益爲12.00美元至12.30美元，而市場普遍預期爲12.19美元。LOW預計，24財年的可比銷售額將下降2％至3％。
Lowe's shares fell 1.9% to close at $224.86 on Tuesday.
勞氏股價週二下跌1.9％，收於224.86美元。
These analysts made changes to their price targets on Lowe's after the company reported quarterly results.
在勞氏公佈季度業績後，這些分析師更改了勞氏的目標股價。
- Truist Securities slashed the price target on Lowe's from $271 to $265. Truist Securities analyst Scot Ciccarelli maintained a Buy rating.
- Evercore ISI Group cut Lowe's price target from $255 to $250. Evercore ISI Group analyst Greg Melich maintained an In-Line rating.
- Truist Securities將勞氏的目標股價從271美元下調至265美元。Truist Securities分析師斯科特·西卡雷利維持買入評級。
- Evercore ISI集團將勞氏的目標股價從255美元下調至250美元。Evercore ISI集團分析師格雷格·梅利希維持在線評級。
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譯文內容由第三人軟體翻譯。