Lowe’s Stock Outperforms Home Depot in Q1 2018
With both Home Depot (HD) and Lowe’s Companies (LOW) having posted their first-quarter earnings results, let’s look at their performances during the quarter and compare their revenues, SSSG (same-store sales growth), margins, and EPS. In the first quarter, Lowe’s posted adjusted EPS of $1.19 on revenue of $17.4 billion compared to analysts’ consensus EPS estimate of $1.22 and revenue estimate of $17.5 billion. Despite its lower-than-expected first-quarter earnings, the company’s stock price rose due to reports of Bill Ackman’s Pershing Square Capital Management acquiring a $1 billion stake in the company.