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LG Display (LPL - Free Report) is Zacks Rank #5 (Strong Sell) and it is the Bear of the Day today. The stock dropped heading into earnings and then missed... but all is not lost. I held this stock in the Stocks Under $10 portfolio here at Zacks, and have to admit that not that it is at these lower levels, I am enticed.
Description
LG Display Co., Ltd., formerly known as LG Philips LCD Co., Ltd., primarily manufactures and sells thin film transistor liquid crystal display (TFT-LCD) panels. The Company supplies its products to original equipment manufacturers and multinational corporations. LG Display offers TFT-LCD panels in a range of sizes and specifications primarily for use in televisions, notebook computers, and desktop monitors, as well as for handheld application products, such as mobile phones; and medium and large size panels for industrial and other applications, including entertainment systems, portable navigation devices, e-paper, digital photo displays, and medical diagnostic equipment. LG Display Co., Ltd. is based in Seoul, the Republic of Korea.
Recent Earnings
As I look at the earnings history I seet he recent report has the company coming up only 1 penny short. That is the smallest of misses and on its own should not be a reason to take a pass on this stock.
Estimates Have Moved Down
The losses are getting bigger at LPL, with the current quarter moving from a loss of 2 cents to a loss of 26 cents in just 60 days. THe full year saw estimates adjusted lower to a loss of $1.10 from a loss of $0.34.
2020 numbers are showing the company earnings money, and we know that investors love to get in on the switch. Moving from a loss to a gain is an important distinction that some investors care a lot about.
The 2020 Zacks Consensus Estimate has LPL earnings 17 cents per share.
Valuation
With no earnings, the forward PE is an NA for us. I see the price to book is only 0.3x so deep value investors are really ready to kick the tires. This stock could see a huge lift in a China deal comes... but most indicators are telling us that could be a long ways off.
It’s Illegal in 42 States, But Investors Will Make Billions Legally
In addition to the companies you read about above, today you get details on the newly-legalized industry that’s tapping into a “habit” that Americans spend an estimated $150 billion on every year.
That’s twice as much as they spend on marijuana, legally or otherwise.
Zacks special report revealing how investors can profit from this new opportunity. As more states legalize this activity, the industry could expand by as much as 15X. Zacks’ has just released a Special Report revealing 5 top stocks to watch in this space.
Image: Bigstock
Bear Of The Day: LG Display (LPL)
LG Display (LPL - Free Report) is Zacks Rank #5 (Strong Sell) and it is the Bear of the Day today. The stock dropped heading into earnings and then missed... but all is not lost. I held this stock in the Stocks Under $10 portfolio here at Zacks, and have to admit that not that it is at these lower levels, I am enticed.
Description
LG Display Co., Ltd., formerly known as LG Philips LCD Co., Ltd., primarily manufactures and sells thin film transistor liquid crystal display (TFT-LCD) panels. The Company supplies its products to original equipment manufacturers and multinational corporations. LG Display offers TFT-LCD panels in a range of sizes and specifications primarily for use in televisions, notebook computers, and desktop monitors, as well as for handheld application products, such as mobile phones; and medium and large size panels for industrial and other applications, including entertainment systems, portable navigation devices, e-paper, digital photo displays, and medical diagnostic equipment. LG Display Co., Ltd. is based in Seoul, the Republic of Korea.
Recent Earnings
As I look at the earnings history I seet he recent report has the company coming up only 1 penny short. That is the smallest of misses and on its own should not be a reason to take a pass on this stock.
Estimates Have Moved Down
The losses are getting bigger at LPL, with the current quarter moving from a loss of 2 cents to a loss of 26 cents in just 60 days. THe full year saw estimates adjusted lower to a loss of $1.10 from a loss of $0.34.
2020 numbers are showing the company earnings money, and we know that investors love to get in on the switch. Moving from a loss to a gain is an important distinction that some investors care a lot about.
The 2020 Zacks Consensus Estimate has LPL earnings 17 cents per share.
Valuation
With no earnings, the forward PE is an NA for us. I see the price to book is only 0.3x so deep value investors are really ready to kick the tires. This stock could see a huge lift in a China deal comes... but most indicators are telling us that could be a long ways off.
Chart
LG Display Co., Ltd. Price and Consensus
LG Display Co., Ltd. price-consensus-chart | LG Display Co., Ltd. Quote
It’s Illegal in 42 States, But Investors Will Make Billions Legally
In addition to the companies you read about above, today you get details on the newly-legalized industry that’s tapping into a “habit” that Americans spend an estimated $150 billion on every year.
That’s twice as much as they spend on marijuana, legally or otherwise.
Zacks special report revealing how investors can profit from this new opportunity. As more states legalize this activity, the industry could expand by as much as 15X. Zacks’ has just released a Special Report revealing 5 top stocks to watch in this space.
See these 5 “sin stocks” now>>