Lowe's Cos. (LOW) is set to report third-quarter results Tuesday morning, with analysts expecting lower revenue than the same time last year despite a potential sales boost from recent hurricanes.

Analysts are slightly less bullish on Lowe's stock than its home-improvement rival 澳洲幸运5官方开奖结果体彩网:Home Depot (HD), which reported earnings last week. Of the 19 analysts who cover Lowe's tracked by Visible Alpha, 10 hold 澳洲幸运5官方开奖结果体彩网:"buy" ratings, eight have "holds," and one has a "sell" rating. Their average 澳洲幸运5官方开奖结果体彩网:target price of $269.32 is within 🌱a few cents of Friday♋'s close.

Lowe's stock is about 6% off the record-high $287.01 it reached last month, though also up about 21% this year.

Analysts expect Lowe's to report sales of $19.89 billion, down from $20.47 billion last year. 澳洲幸运5官方开奖结果体彩网:Net income is expected to decline nearly 10% to $1.60 billion, or $2.82 澳洲幸运5官方开奖结果体彩网:per share.

What Home Depot's Earnings Could Mean for Lowe's

Analysts from Bank of America and Melius Research wrote in recent notes that 澳洲幸运5官方开奖结果体彩网:Home Depot's earnings likely indicate that Lowe's will see a similar sales boost from hurricanes that impacted Southern states during the quarter.

Melius analysts raised their price target on Lowe's to $310 and said the performance of the professional contractor market—in which 澳洲幸运5官方开奖结果体彩网:both Home Depot and Lowe's have 澳洲幸运5官方开奖结果体彩网:worked to expand their market share—will be a "key question," as "big ticket" spending and do-it-yourself projects are likely to r💙emain lower in the quarter.

Home Depot and Lowe's have 澳洲幸运5官方开奖结果体彩网:reported lower sales in 澳洲幸运5官方开奖结果体彩网:recent quarters as American consumers have focused on buy🐟ing essential items and pulled back on discretionary spending like home-improvement projects and "big ticket" purchases like appliances.