In the latest trading session, Louisiana-Pacific (LPX) closed at $85.11, marking a +1.45% move from the previous day. This change outpaced the S&P 500's 0.62% gain on the day. Elsewhere, the Dow saw an upswing of 0.99%, while the tech-heavy Nasdaq appreciated by 0.65%.
Shares of the home construction supplier witnessed a loss of 0.84% over the previous month, trailing the performance of the Construction sector with its gain of 0.6%, and the S&P 500's gain of 0.59%.
The upcoming earnings release of Louisiana-Pacific will be of great interest to investors. On that day, Louisiana-Pacific is projected to report earnings of $0.06 per share, which would represent a year-over-year decline of 94.17%. Our most recent consensus estimate is calling for quarterly revenue of $608.6 million, down 10.63% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.67 per share and revenue of $2.75 billion, indicating changes of -54.59% and 0%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments 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 business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.99% lower within the past month. Louisiana-Pacific is currently a Zacks Rank #4 (Sell).
Looking at valuation, Louisiana-Pacific is presently trading at a Forward P/E ratio of 22.28. This expresses no noticeable deviation compared to the average Forward P/E of 22.28 of its industry.
The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 218, putting it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Louisiana-Pacific Corporation (LPX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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