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Lowes, Home Depot and Scotts Miracle-Gro

Charlene M. Brown

For Immediate Release

Chicago, IL – June 26, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Lowes Companies, Inc. LOW, The Home Depot Inc. HD and The Scotts Miracle-Gro Co. SMG.

Here are highlights from Thursday’s Analyst Blog:

Coronavirus Feeds Home Improvement Trends: 3 Stocks to Count On

The COVID-19-induced shelter-at-home orders fueled the need for home improvement by housebound Americans, thereby driving demand for the said industry.

The

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Lowe’s Posts Mixed Results for 4th Quarter

Charlene M. Brown

Lowe’s (NYSE:LOW) released its fourth-quarter results on Feb. 26 before the market opened. The company’s earnings beat expectations as a result of the continuous cost-sutting measures, coupled with better customer traffic at physical stores. Revenue, however, did not live up to expectations.

Snapshot of the quarter

The home improvement retailer posted adjusted earnings of 94 cents per share versus the antipated 91 cents per share. Revenue of $16.03 billion fell short of expectations of $16.15 billion.

Comparable store sales were up 2.5% in the reported quarter, which was below the projected growth of 3.6%.

Reflecting on the company’s performace, the

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