LG Display Co., one of the world’s largest manufacturers of LCD and OLED displays, is expected to report fiscal Q3 results on Thursday. A Zacks Rank #3 (Hold), LG Display has missed the earnings mark in each of the past two quarters. But with shares experiencing a correction in the fourth quarter, is LPL a buy ahead of the release?
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
Analysts anticipate the company to post a profit of 7 cents per share, reflecting a nearly 127% growth rate versus the same quarter last year. Sales are projected to have declined slightly to $5 billion during the quarter.
LPL LPL stock remains relatively undervalued and trades at just 7.2 times forward earnings. But the fundamental outlook remains bleak for the Korea-based display giant. Annual revenues are anticipated to drop nearly 5% in 2026.
Remember that from a broader perspective, stocks can be volatile surrounding earnings releases. Investors would be wise to exercise caution ahead of the upcoming announcement.
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LG Display Co., Ltd. (LPL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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