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Louisiana-Pacific (LPX) Dips More Than Broader Market: What You Should Know
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Louisiana-Pacific (LPX - Free Report) closed at $83.39 in the latest trading session, marking a -3.14% move from the prior day. This change lagged the S&P 500's 0.29% loss on the day. At the same time, the Dow lost 0.37%, and the tech-heavy Nasdaq lost 0.34%.
Prior to today's trading, shares of the home construction supplier had lost 11.56% lagged the Construction sector's loss of 1.68% and the S&P 500's gain of 3.08%.
The investment community will be paying close attention to the earnings performance of Louisiana-Pacific in its upcoming release. The company is forecasted to report an EPS of $0.41, showcasing a 66.39% downward movement from the corresponding quarter of the prior year. 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.
LPX's full-year Zacks Consensus Estimates are calling for earnings of $2.91 per share and revenue of $2.78 billion. These results would represent year-over-year changes of -50.51% and -5.43%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Louisiana-Pacific. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering 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 the context of valuation, Louisiana-Pacific is at present trading with a Forward P/E ratio of 29.58. Its industry sports an average Forward P/E of 29.44, so one might conclude that Louisiana-Pacific is trading at a premium comparatively.
One should further note that LPX currently holds a PEG ratio of 1.92. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Building Products - Wood stocks are, on average, holding a PEG ratio of 2.18 based on yesterday's closing prices.
The Building Products - Wood industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 231, which puts it in the bottom 7% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Louisiana-Pacific (LPX) Dips More Than Broader Market: What You Should Know
Louisiana-Pacific (LPX - Free Report) closed at $83.39 in the latest trading session, marking a -3.14% move from the prior day. This change lagged the S&P 500's 0.29% loss on the day. At the same time, the Dow lost 0.37%, and the tech-heavy Nasdaq lost 0.34%.
Prior to today's trading, shares of the home construction supplier had lost 11.56% lagged the Construction sector's loss of 1.68% and the S&P 500's gain of 3.08%.
The investment community will be paying close attention to the earnings performance of Louisiana-Pacific in its upcoming release. The company is forecasted to report an EPS of $0.41, showcasing a 66.39% downward movement from the corresponding quarter of the prior year. 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.
LPX's full-year Zacks Consensus Estimates are calling for earnings of $2.91 per share and revenue of $2.78 billion. These results would represent year-over-year changes of -50.51% and -5.43%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Louisiana-Pacific. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering 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 the context of valuation, Louisiana-Pacific is at present trading with a Forward P/E ratio of 29.58. Its industry sports an average Forward P/E of 29.44, so one might conclude that Louisiana-Pacific is trading at a premium comparatively.
One should further note that LPX currently holds a PEG ratio of 1.92. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Building Products - Wood stocks are, on average, holding a PEG ratio of 2.18 based on yesterday's closing prices.
The Building Products - Wood industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 231, which puts it in the bottom 7% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.