Lowe's, Home Depot expected to post Q2 profit declines - BloggingStocks

Posted May 18th 2008 10:10AM by Filed under: , , ,

Earlier this week, Jim Cramer pondered whether the , given such as recent marks as stronger-than-expected retail gross sales and investor involvement in homebuilders. In particular, he said he's looking at adjacent week's quarterly consequences from (NYSE: ) and (NYSE: ) arsenic a mark for the lodging sector and for the possible marketplace rally.

Lowe's is expected by analysts surveyed by Virgil Thomson Financial to describe second-quarter earnings of 39 cents per share, down 18.8% from 48 cents per share in the same time period in 2007, but up 28.2% from 28 cents per share in the former quarter. The company have provided in four of the past five quarters.

North Carolina-based Lowe's is the second-largest U.S. home improvement chain, behind competing Home Depot, and the second-largest appliance retail merchant after (NYSE: ). In the past year, the company's grosses were $48.2 billion and its nett income totaled $2.8 billion. Its long-term EPS growing prognosis is 12.7%, which is better than its industry average. The general agreement recommendation of analysts stays to .

The stock is up 9.9% since the beginning of the year, but have fallen 20.5% from a twelvemonth ago. It merchandises at a P/E ratio of 13.38. Shares closed Friday at $24.89.

Home Terminal is expected to describe second-quarter earnings of 37 cents per share, down 22.9% from 48 cents per share in the year-ago period, as well as down 8.1% from 40 cents per share in the former quarter. The company have recently, by nearly 7% inch the first quarter.

Atlanta-based Home Terminal is the biggest U.S. place improvement chain, and the second-largest retailer in the U.S. after (NYSE: ). In the past year, Home Depot's grosses were $77.3 billion and its nett income totaled $4.5 billion. The company's long-range EPS growing prognosis is 11.09%, better than the industry norm but a small less than Lowe's. The general agreement recommendation of analysts is still to , but have been inching toward hold.

The share terms is up 8.4% since the beginning of the year, but have fallen 24.2% from a twelvemonth ago. It merchandises at a P/E ratio of 12.82. Shares closed Friday at $29.10.

Lowe's is scheduled to describe net income Monday morning, Home Terminal on Tuesday morning.

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