We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Louisiana-Pacific (LPX) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Louisiana-Pacific (LPX - Free Report) closed the most recent trading day at $77.64, moving -1.36% from the previous trading session. This change lagged the S&P 500's 0.3% loss on the day. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq gained 0.2%.
Coming into today, shares of the home construction supplier had gained 18.06% in the past month. In that same time, the Construction sector gained 4.86%, while the S&P 500 gained 3.11%.
Wall Street will be looking for positivity from Louisiana-Pacific as it approaches its next earnings report date. On that day, Louisiana-Pacific is projected to report earnings of $1.83 per share, which would represent a year-over-year decline of 8.96%. Meanwhile, our latest consensus estimate is calling for revenue of $846 million, down 1.63% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $13.50 per share and revenue of $4.32 billion, which would represent changes of +213.23% and +55.09%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Louisiana-Pacific. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.75% higher within the past month. Louisiana-Pacific is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, Louisiana-Pacific currently has a Forward P/E ratio of 5.83. This represents a discount compared to its industry's average Forward P/E of 12.23.
The Building Products - Wood industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 19, which puts it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow LPX in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Louisiana-Pacific (LPX) Dips More Than Broader Markets: What You Should Know
Louisiana-Pacific (LPX - Free Report) closed the most recent trading day at $77.64, moving -1.36% from the previous trading session. This change lagged the S&P 500's 0.3% loss on the day. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq gained 0.2%.
Coming into today, shares of the home construction supplier had gained 18.06% in the past month. In that same time, the Construction sector gained 4.86%, while the S&P 500 gained 3.11%.
Wall Street will be looking for positivity from Louisiana-Pacific as it approaches its next earnings report date. On that day, Louisiana-Pacific is projected to report earnings of $1.83 per share, which would represent a year-over-year decline of 8.96%. Meanwhile, our latest consensus estimate is calling for revenue of $846 million, down 1.63% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $13.50 per share and revenue of $4.32 billion, which would represent changes of +213.23% and +55.09%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Louisiana-Pacific. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.75% higher within the past month. Louisiana-Pacific is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, Louisiana-Pacific currently has a Forward P/E ratio of 5.83. This represents a discount compared to its industry's average Forward P/E of 12.23.
The Building Products - Wood industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 19, which puts it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow LPX in the coming trading sessions, be sure to utilize Zacks.com.