Home Depot and Lowe’s: Cold Weather Against Hurricane Rebuilding
May 20, 2013 by Paul AusickHome Depot is expected to post earnings per share (EPS) of $0.77 on revenues of $18.69 billion. The consensus estimates for Lowe’s call for EPS of $0.51 on revenues of $13.45 billion. The EPS for Home Depot is unchanged in the last three months, while the estimated EPS for Lowe’s has dropped by a penny.
Many retailers ran into weather-related headwinds in the first quarter. Just last week, Nordstrom Inc. (NYSE: JWN), Stage Stores Inc. (NYSE: SSI), and Macy’s Inc. (NYSE: M) all cited colder weather as an anchor on traffic and sales.
For the home improvement stores, sales of remodeling and lawn and garden products were slower. The lower number of housing starts in April may also be a factor, but the big drop last month was almost entirely due to a slowdown in construction starts on apartment buildings.
Shares of Home Depot stock are down about 0.3% at $76.65 in a 52-week range of $46.37 to $78.54.
Lowe’s shares are down about 0.5% at $42.47 in a 52-week range of $24.76 to $43.55.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.