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Louisiana-Pacific (LPX) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Louisiana-Pacific (LPX - Free Report) closed at $90.34 in the latest trading session, marking a -3.82% move from the prior day. This move lagged the S&P 500's daily loss of 0.1%. Elsewhere, the Dow gained 0.57%, while the tech-heavy Nasdaq lost 0.33%.
The home construction supplier's stock has dropped by 4.64% in the past month, falling short of the Construction sector's gain of 0.5% and the S&P 500's gain of 2.57%.
Analysts and investors alike will be keeping a close eye on the performance of Louisiana-Pacific in its upcoming earnings disclosure. The company is expected to report EPS of $0.41, down 66.39% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $663.35 million, indicating a 8.12% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.91 per share and revenue of $2.78 billion, which would represent changes of -50.51% and -5.43%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Louisiana-Pacific. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Louisiana-Pacific is carrying a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Louisiana-Pacific is currently trading at a Forward P/E ratio of 32.28. For comparison, its industry has an average Forward P/E of 30.64, which means Louisiana-Pacific is trading at a premium to the group.
Meanwhile, LPX's PEG ratio is currently 2.09. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Building Products - Wood industry held an average PEG ratio of 2.44.
The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 230, putting it in the bottom 7% 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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Louisiana-Pacific (LPX) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Louisiana-Pacific (LPX - Free Report) closed at $90.34 in the latest trading session, marking a -3.82% move from the prior day. This move lagged the S&P 500's daily loss of 0.1%. Elsewhere, the Dow gained 0.57%, while the tech-heavy Nasdaq lost 0.33%.
The home construction supplier's stock has dropped by 4.64% in the past month, falling short of the Construction sector's gain of 0.5% and the S&P 500's gain of 2.57%.
Analysts and investors alike will be keeping a close eye on the performance of Louisiana-Pacific in its upcoming earnings disclosure. The company is expected to report EPS of $0.41, down 66.39% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $663.35 million, indicating a 8.12% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.91 per share and revenue of $2.78 billion, which would represent changes of -50.51% and -5.43%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Louisiana-Pacific. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Louisiana-Pacific is carrying a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Louisiana-Pacific is currently trading at a Forward P/E ratio of 32.28. For comparison, its industry has an average Forward P/E of 30.64, which means Louisiana-Pacific is trading at a premium to the group.
Meanwhile, LPX's PEG ratio is currently 2.09. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Building Products - Wood industry held an average PEG ratio of 2.44.
The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 230, putting it in the bottom 7% 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 follow all of these stock-moving metrics, and many more, on Zacks.com.