Competitor Home Depot reported third-quarter earnings a day earlier, beating analyst expectations but noting ongoing inflation and macroeconomic headwinds.A Lowe's employee walks through the store during the grand opening of the Lowe's store in San Francisco, California.will report third-quarter earnings on Wednesday before the bell, the second home-improvement retailer in two days to offer guidance on how inflation and other macroeconomic headwinds are affecting its business.
Here's what Wall Street expects Lowe's to report on Wednesday, based on a survey of analysts by Refinitiv:In August, Lowe's said it expected total and comparable sales for the year toward the bottom of its outlook range, forecasting sales of $97 billion to $99 billion, and comparable sales to be down 1% to up to 1%. The company said operating income and earnings are expected to be toward the top end of its previous forecast.
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