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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 $70.27 in the latest trading session, marking a -1.43% move from the prior day. This change lagged the S&P 500's 0.4% loss on the day. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq lost 0.73%.
Heading into today, shares of the home construction supplier had lost 15.87% over the past month, lagging the Construction sector's loss of 12.16% and the S&P 500's loss of 7.34%.
The upcoming earnings release of Louisiana-Pacific will be of great interest to investors. The company's upcoming EPS is projected at $0.05, signifying a 96.06% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $570.9 million, reflecting a 21.15% fall from the equivalent quarter last year.
LPX's full-year Zacks Consensus Estimates are calling for earnings of $2.79 per share and revenue of $2.66 billion. These results would represent year-over-year changes of +5.28% and -1.84%, respectively.
It is also important to note the recent changes to analyst estimates for Louisiana-Pacific. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, the Zacks Consensus EPS estimate has shifted 6.77% downward. Louisiana-Pacific currently has a Zacks Rank of #4 (Sell).
Digging into valuation, Louisiana-Pacific currently has a Forward P/E ratio of 25.55. This signifies a premium in comparison to the average Forward P/E of 23.61 for its industry.
The Building Products - Wood industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 213, positioning it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Louisiana-Pacific (LPX) Dips More Than Broader Market: What You Should Know
Louisiana-Pacific (LPX - Free Report) closed at $70.27 in the latest trading session, marking a -1.43% move from the prior day. This change lagged the S&P 500's 0.4% loss on the day. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq lost 0.73%.
Heading into today, shares of the home construction supplier had lost 15.87% over the past month, lagging the Construction sector's loss of 12.16% and the S&P 500's loss of 7.34%.
The upcoming earnings release of Louisiana-Pacific will be of great interest to investors. The company's upcoming EPS is projected at $0.05, signifying a 96.06% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $570.9 million, reflecting a 21.15% fall from the equivalent quarter last year.
LPX's full-year Zacks Consensus Estimates are calling for earnings of $2.79 per share and revenue of $2.66 billion. These results would represent year-over-year changes of +5.28% and -1.84%, respectively.
It is also important to note the recent changes to analyst estimates for Louisiana-Pacific. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, the Zacks Consensus EPS estimate has shifted 6.77% downward. Louisiana-Pacific currently has a Zacks Rank of #4 (Sell).
Digging into valuation, Louisiana-Pacific currently has a Forward P/E ratio of 25.55. This signifies a premium in comparison to the average Forward P/E of 23.61 for its industry.
The Building Products - Wood industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 213, positioning it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.