Lowe’s (LOW) stock gained 3% in the pre-market trading after the company reported mixed Q1 results. Perhaps, investors applauded the home improvement retailer for affirming its full-year 2025 outlook despite warning of “near-term uncertainty and housing market headwinds.”
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The company expects total sales in 2025 between $83.5 billion and $84.5 billion, with flat to 1% comparable sales growth. At the same time, it forecasts earnings per share (EPS) between $12.15 and $12.40.
LOW: Q1 Snapshot
In the first quarter, Lowe’s reported EPS of $2.92, down from $3.06 in Q1 2024. However, it surpassed the consensus estimate of $2.88 per share.
Meanwhile, total sales came in at $20.9 billion, slightly lower than $21.4 billion a year ago and the analysts’ estimates of $20.94 billion. Also, comparable sales declined 1.7% due to unfavorable weather early in the quarter, partly offset by mid-single-digit Pro and online sales growth.
As of May 2, 2025, Lowe’s operated 1,750 stores representing 195.3 million square feet of retail selling space.
According to the TipRanks AI analyst, Lowe’s has stabilized its store count after downsizing in 2022, as shown in the graph below. It must be noted that instead of expanding aggressively, the company is focused on improving productivity in existing locations.
Is Lowe’s a Good Stock to Buy Now?
Turning to Wall Street, LOW stock has a Moderate Buy consensus rating based on 13 Buys and nine Holds assigned in the last three months. At $266.85, the average Lowe’s stock price target implies a 15.39% upside potential.
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