1 Number That Makes Lowe's Stock an Obvious Buy Before Aug. 19
The home improvement retailer could be a buy before earnings on Aug. 19.
Overview
Heading into its second-quarter earnings release on Aug. 19, Lowe's (NYSE: LOW) is trading at a discount.
Its current P/E ratio of 18.5 is below its historical average of 20.5, and its forward P/E of 17.4 is the lowest it's been since the end of 2023, when it was 15.7.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.