TheStreet’s Jim Cramer is keeping an eye on Lowe’s (LOW) as the home improvement retailer is set to post its second quarter results before the opening bell Wednesday. Cramer says Lowe’s has fallen behind Home Depot and adds, ‘Home Depot has raised the bar to a point that I don’t know if Lowe’s could possibly equal it.’ He goes on to say, ‘Last quarter Lowe’s was disappointing, my suggestion is that as great as Home Depot is, Lowe’s will not be able to keep up, maybe sell half your Lowe’s ahead of tomorrow’s number.’ Wall Street analysts are expecting earnings per share of $1.24 on $17.33 billion in revenue. investors will want to know how bad weather and foreign exchange headwinds has impacted the company’s second quarter. The stock has struggled this year. Shares are relatively flat compared with rival Home Depot which is up around 10 percent in the last six months.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
