– By Nathan Parsh
The two leading home improvement retailers both released earnings results this week. The Home Depot Inc. (NYSE:HD) reported Tuesday and produced what I felt was a monster quarter. The company’s year-over-year growth rates surpassed what analysts had expected on nearly every metric.
It was rival Lowe’s Companies Inc. (NYSE:LOW) turn to go on Wednesday. As much as I liked Home Depot’s quarter, I thought Lowe’s was even better. This was the second quarter in a row that I believe Lowe’s outdid its main competitor. By almost every measurement, Lowe’s was superior to Home Depot.
Also working in Lowe’s favor is that the stock is considerably cheaper compared to its historical valuation than what Home Depot is at the moment. I believe Lowe’s can still be bought at the current price. Let’s dig into the company’s earning release to find out why.
Lowe’s released earnings