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Lowe’s reports earnings on May 23.
Stefani Reynolds/AFP via Getty Images
HomeDepot
‘s
downbeat forecast sent a chill through the home-improvement sector and the wider market last week. That pushed down
Lowe’s
stock, though temporarily, and led to lower expectations for the rival retailer’s coming results, slated for early Tuesday.
Analysts had already been lowering their earnings and revenue estimates for Lowe’s (ticker: LOW), which stood at $3.45 a share and $21.68 billion, respectively, last week. However, Home Depot’s (HD) quarterly results led to further estimate revisions, and the average analyst earnings per share and revenue estimates now