Lowe's Just Issued a Warning About Its Coming Quarters. Should You Consider Buying the Stock Anyway?
As any savvy investor knows, the crucial part of a company's earnings report isn't the historical financial figures -- it's the guidance. Stocks trade on the future, not the past.This is a major reason why the market was rather cool on Lowe's Companies' (NYSE: LOW) recently released first-quarter earnings report. The company beat analyst estimates on earnings and only slightly missed on revenue, but what it had to say about the coming quarters concerned investors -- and rightly so.Let's dive in to see what the company had to say.Continue reading
As any savvy investor knows, the crucial part of a company's earnings report isn't the historical financial figures -- it's the guidance. Stocks trade on the future, not the past.
This is a major reason why the market was rather cool on Lowe's Companies' (NYSE: LOW) recently released first-quarter earnings report. The company beat analyst estimates on earnings and only slightly missed on revenue, but what it had to say about the coming quarters concerned investors -- and rightly so.
Let's dive in to see what the company had to say.
