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) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
Louisiana-Pacific (LPX - Free Report) closed at $71.50 in the latest trading session, marking a +1.23% move from the prior day. This change lagged the S&P 500's 1.45% gain on the day. Meanwhile, the Dow gained 0.86%, and the Nasdaq, a tech-heavy index, added 0.44%.
Heading into today, shares of the home construction supplier had lost 4.99% over the past month, outpacing the Construction sector's loss of 7.17% and lagging the S&P 500's loss of 3.26% in that time.
Louisiana-Pacific will be looking to display strength as it nears its next earnings release, which is expected to be February 22, 2022. The company is expected to report EPS of $1.86, down 7.46% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $846 million, down 1.63% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Louisiana-Pacific. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.43% higher. Louisiana-Pacific is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that Louisiana-Pacific has a Forward P/E ratio of 8.27 right now. For comparison, its industry has an average Forward P/E of 14.3, which means Louisiana-Pacific is trading at a discount to the group.
The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 37, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Louisiana-Pacific (LPX) Gains But Lags Market: What You Should Know
Louisiana-Pacific (LPX - Free Report) closed at $71.50 in the latest trading session, marking a +1.23% move from the prior day. This change lagged the S&P 500's 1.45% gain on the day. Meanwhile, the Dow gained 0.86%, and the Nasdaq, a tech-heavy index, added 0.44%.
Heading into today, shares of the home construction supplier had lost 4.99% over the past month, outpacing the Construction sector's loss of 7.17% and lagging the S&P 500's loss of 3.26% in that time.
Louisiana-Pacific will be looking to display strength as it nears its next earnings release, which is expected to be February 22, 2022. The company is expected to report EPS of $1.86, down 7.46% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $846 million, down 1.63% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Louisiana-Pacific. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.43% higher. Louisiana-Pacific is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that Louisiana-Pacific has a Forward P/E ratio of 8.27 right now. For comparison, its industry has an average Forward P/E of 14.3, which means Louisiana-Pacific is trading at a discount to the group.
The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 37, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.