Friday, May 13, 2011

Earnings Preview: Lowe's

theflyonthewall.com submits:

Lowe's (LOW) is expected to report Q1 earnings on Monday, May 16, with a conference call scheduled for 9:00 a.m. ET.

Guidance

Analysts are looking for EPS of 37c on revenue of $12.56B. The consensus range is 34c-40c for EPS, and $12.27B-$12.81B for revenue, according to First Call. In February, Lowe's forecast Q1 EPS of 34c-38c on revenue up 2%, and FY11 EPS $1.60-$1.72 vs. consensus of $1.70 on revenue up 5% vs. First Call consensus at $51B. At April's International Strategy and Investment Retail Summit, the home


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