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StockCentral :: Community
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Join in on the discussion with other like-minded investors in our community forums. Learn about the fundamental investing methodology and participate in educational workshops in the Investing forums, stay up-to-date on StockCentral news and make suggestions to the StockCentral team in Central Square, and discuss your favorite stock or recent market news in our A-Z ticker-based forums.
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Joe Craig
Ellicott City, MD
StockCentral Administrator
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| 04/02/2007 1:58 PM |
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Lowe’s (LOW) fourth quarter results beat expectations in the face of declining housing construction. Sales fell 4% and reported EPS were $0.40, a drop of 7%. Comparisons are not strictly equivalent as the fourth quarter of 2006 was 13 weeks and 2007 was 14 weeks. Lowe’s fiscal year ends in January. On apples to apples comparison sales were probably up 5% and EPS flat. This is better than competitors. Same store sales for the final quarter were off a disappointing 5.3%. Keep in mind the company earlier benefited from sales rebuilding from hurricanes and higher lumber prices.
Based on estimated EPS for 12 months ending April 2008 the P/E is a comfortable 13.7, which is below the historical adjusted average low P/E of 15.0. |
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Joe |
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