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Surging Earnings Estimates Signal Good News for Louisiana-Pacific (LPX)
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Louisiana-Pacific Corporation (LPX - Free Report) manufactures and sells building products that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on LPX’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Louisiana-Pacific could be a solid choice for investors.
Current Quarter Estimates for LPX
In the past 30 days, one estimate has gone higher for Louisiana-Pacific while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 24 cents a share 30 days ago, to 28 cents today, a move of 16.7%.
Current Year Estimates for LPX
Meanwhile, Louisiana-Pacific’s current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.35 per share 30 days ago to $1.49 per share today, an increase of 10.4%.
The stock has also started to move higher lately, adding 29.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Surging Earnings Estimates Signal Good News for Louisiana-Pacific (LPX)
Louisiana-Pacific Corporation (LPX - Free Report) manufactures and sells building products that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on LPX’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Louisiana-Pacific could be a solid choice for investors.
Current Quarter Estimates for LPX
In the past 30 days, one estimate has gone higher for Louisiana-Pacific while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 24 cents a share 30 days ago, to 28 cents today, a move of 16.7%.
Current Year Estimates for LPX
Meanwhile, Louisiana-Pacific’s current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.35 per share 30 days ago to $1.49 per share today, an increase of 10.4%.
Louisiana-Pacific Corporation Price and Consensus
Louisiana-Pacific Corporation Price and Consensus | Louisiana-Pacific Corporation Quote
Bottom Line
The stock has also started to move higher lately, adding 29.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>