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Building Product Stock Q3 Earnings on Oct 31: LPX, AWI, AEGN
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With the earnings season picking up pace, 46.2% companies in the construction space, have reported their Q3 results. According to the Zacks Earnings Trends report, 33.3% have surpassed earnings estimates while 16.7% beat revenue expectations.
Total earnings for these construction companies increased 8% on 9.4% higher revenues. The sector is likely to register a 6.7% increase in earnings on 7.1% revenue growth.
Positives like a healthier economy, improving employment levels, low interest rates, positive consumer confidence and a tight supply situation raise optimism about the sector’s second-half performance. Further, a strong home remodeling market along with solid job data and rising consumer confidence are doing the trick for these stocks.
So far, some of the leading companies in the construction sector have reported their third-quarter numbers. On Oct 25, Masco Corporation (MAS - Free Report) reported third-quarter results wherein both earnings and revenues missed the Zacks Consensus Estimate. On Oct 20, PulteGroup Inc.’s(PHM - Free Report) third-quarter 2016 earnings were in line with the Zacks Consensus Estimate while revenues missed the same. On Sep 20, KB Home (KBH - Free Report) reported third-quarter numbers wherein earnings surpassed analysts’ expectations by 7.7% and also increased 83% year over year.
Let us take a look at how these building product stocks are placed ahead of their third-quarter earnings releases on Oct 31.
Our proven model shows that Louisiana-Pacific is likely to beat earnings this quarter. Last quarter, the company posted a positive earnings surprise of 12%. The company reported positive earnings surprises in three of the past four quarters, with an average beat of 53%.
For the third quarter, the Zacks Consensus Estimate for earnings is pegged at 39 cents a share, reflecting an increase of 420.8% year over year, while the consensus for revenues is at $608.26 million, implying 30.84% year-over-year growth.
Armstrong World Industries Inc. (AWI - Free Report) is a global leader in the design and manufacture of floors, ceilings and cabinets. This Zacks Rank #2 (Buy) company has an earnings ESP of +1.32%. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Our proven model shows a beat for Armstrong World this quarter. In the preceding quarter, the company posted a positive earnings surprise of 9.80%. The company reported positive earnings surprises in three of the past four quarters, with an average beat of 1.87%.
For the third quarter, the Zacks Consensus Estimate for earnings is pegged at 76 cents a share, reflecting a decline of 5% year over year, while the consensus for revenues is at $342.10 million, reflecting a 48.05% year-over-year decline.
Based in Chesterfield, MI, Aegion Corporation provides cured-in place pipe and other technologies and services for the rehabilitation of pipeline systems. The company has an Earnings ESP of +0.00% and a Zacks Rank #3 (Hold).
Our proven model does not conclusively predict earnings beat for Aegion Corporation this quarter. In the previous quarter, the company posted a negative earnings surprise of 8%. Aegion Corporation reported positive earnings surprises in three of the past four quarters, with an average beat of 12.41%.
For the third quarter, the Zacks Consensus Estimate for earnings is pegged at 36 cents a share, reflecting a decline of 19.3% year over year, while the consensus for revenues is at $332.25 million, implying a 6.83% year-over-year decline.
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Building Product Stock Q3 Earnings on Oct 31: LPX, AWI, AEGN
With the earnings season picking up pace, 46.2% companies in the construction space, have reported their Q3 results. According to the Zacks Earnings Trends report, 33.3% have surpassed earnings estimates while 16.7% beat revenue expectations.
Total earnings for these construction companies increased 8% on 9.4% higher revenues. The sector is likely to register a 6.7% increase in earnings on 7.1% revenue growth.
Positives like a healthier economy, improving employment levels, low interest rates, positive consumer confidence and a tight supply situation raise optimism about the sector’s second-half performance. Further, a strong home remodeling market along with solid job data and rising consumer confidence are doing the trick for these stocks.
So far, some of the leading companies in the construction sector have reported their third-quarter numbers. On Oct 25, Masco Corporation (MAS - Free Report) reported third-quarter results wherein both earnings and revenues missed the Zacks Consensus Estimate. On Oct 20, PulteGroup Inc.’s(PHM - Free Report) third-quarter 2016 earnings were in line with the Zacks Consensus Estimate while revenues missed the same. On Sep 20, KB Home (KBH - Free Report) reported third-quarter numbers wherein earnings surpassed analysts’ expectations by 7.7% and also increased 83% year over year.
Let us take a look at how these building product stocks are placed ahead of their third-quarter earnings releases on Oct 31.
Based in Nashville, TN, Louisiana-Pacific Corporation (LPX - Free Report) is a leading manufacturer of building products. The company has an Earnings ESP of +5.13% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
LOUISIANA PAC Price and EPS Surprise
LOUISIANA PAC Price and EPS Surprise | LOUISIANA PAC Quote
Our proven model shows that Louisiana-Pacific is likely to beat earnings this quarter. Last quarter, the company posted a positive earnings surprise of 12%. The company reported positive earnings surprises in three of the past four quarters, with an average beat of 53%.
For the third quarter, the Zacks Consensus Estimate for earnings is pegged at 39 cents a share, reflecting an increase of 420.8% year over year, while the consensus for revenues is at $608.26 million, implying 30.84% year-over-year growth.
Armstrong World Industries Inc. (AWI - Free Report) is a global leader in the design and manufacture of floors, ceilings and cabinets. This Zacks Rank #2 (Buy) company has an earnings ESP of +1.32%. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Our proven model shows a beat for Armstrong World this quarter. In the preceding quarter, the company posted a positive earnings surprise of 9.80%. The company reported positive earnings surprises in three of the past four quarters, with an average beat of 1.87%.
For the third quarter, the Zacks Consensus Estimate for earnings is pegged at 76 cents a share, reflecting a decline of 5% year over year, while the consensus for revenues is at $342.10 million, reflecting a 48.05% year-over-year decline.
ARMSTRONG WORLD Price and EPS Surprise
ARMSTRONG WORLD Price and EPS Surprise | ARMSTRONG WORLD Quote
Based in Chesterfield, MI, Aegion Corporation provides cured-in place pipe and other technologies and services for the rehabilitation of pipeline systems. The company has an Earnings ESP of +0.00% and a Zacks Rank #3 (Hold).
Our proven model does not conclusively predict earnings beat for Aegion Corporation this quarter. In the previous quarter, the company posted a negative earnings surprise of 8%. Aegion Corporation reported positive earnings surprises in three of the past four quarters, with an average beat of 12.41%.
For the third quarter, the Zacks Consensus Estimate for earnings is pegged at 36 cents a share, reflecting a decline of 19.3% year over year, while the consensus for revenues is at $332.25 million, implying a 6.83% year-over-year decline.
AEGION CORP Price and EPS Surprise
AEGION CORP Price and EPS Surprise | AEGION CORP Quote
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