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Louisiana-Pacific (LPX) Gains As Market Dips: What You Should Know
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Louisiana-Pacific (LPX - Free Report) closed at $73.55 in the latest trading session, marking a +1.13% move from the prior day. This move outpaced the S&P 500's daily loss of 1.04%.
Coming into today, shares of the home construction supplier had gained 18.03% in the past month. In that same time, the Construction sector gained 9.02%, while the S&P 500 gained 3.83%.
On that day, LPX is projected to report earnings of $4.04 per share, which would represent year-over-year growth of 839.53%. Our most recent consensus estimate is calling for quarterly revenue of $1.14 billion, up 107.48% from the year-ago period.
LPX's full-year Zacks Consensus Estimates are calling for earnings of $10.23 per share and revenue of $3.95 billion. These results would represent year-over-year changes of +137.35% and +41.57%, respectively.
It is also important to note the recent changes to analyst estimates for LPX. 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 company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 40.8% higher. LPX is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, LPX currently has a Forward P/E ratio of 7.11. This valuation marks a discount compared to its industry's average Forward P/E of 14.47.
The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 21, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Louisiana-Pacific (LPX) Gains As Market Dips: What You Should Know
Louisiana-Pacific (LPX - Free Report) closed at $73.55 in the latest trading session, marking a +1.13% move from the prior day. This move outpaced the S&P 500's daily loss of 1.04%.
Coming into today, shares of the home construction supplier had gained 18.03% in the past month. In that same time, the Construction sector gained 9.02%, while the S&P 500 gained 3.83%.
On that day, LPX is projected to report earnings of $4.04 per share, which would represent year-over-year growth of 839.53%. Our most recent consensus estimate is calling for quarterly revenue of $1.14 billion, up 107.48% from the year-ago period.
LPX's full-year Zacks Consensus Estimates are calling for earnings of $10.23 per share and revenue of $3.95 billion. These results would represent year-over-year changes of +137.35% and +41.57%, respectively.
It is also important to note the recent changes to analyst estimates for LPX. 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 company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 40.8% higher. LPX is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, LPX currently has a Forward P/E ratio of 7.11. This valuation marks a discount compared to its industry's average Forward P/E of 14.47.
The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 21, putting it in the top 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.