Lowe's (LOW) comparable sales are expected to improve in fiscal Q2 from fiscal Q1 due to a shift in spring demand, BofA Securities said in a note emailed Monday.

BofA estimates fiscal Q2 comparable sales of 1.5% growth, versus a 1.7% decrease in fiscal Q1. Analysts surveyed by FactSet expect 1.1% growth. BofA also estimates fiscal Q2 adjusted earnings of $4.29 per share. Analysts surveyed by FactSet expect $4.24.

Lowe's will report fiscal Q2 results on Wednesday.

Lowe's 2025 gross margin is expected to hold steady year over year, as sourcing diversification, vendor cost sharing, and stock keeping units' rationalization help offset ongoing macro and tariff pressures, BofA said.

BofA maintained its buy rating on the stock, with a price target of $290.

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