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Louisiana-Pacific (LPX) Rises Higher Than Market: Key Facts
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Louisiana-Pacific (LPX - Free Report) closed at $77.23 in the latest trading session, marking a +2.92% move from the prior day. The stock outpaced the S&P 500's daily gain of 1.65%. At the same time, the Dow added 0.92%, and the tech-heavy Nasdaq gained 3.07%.
Heading into today, shares of the home construction supplier had gained 7.41% over the past month, outpacing the Construction sector's gain of 0.75% and the S&P 500's gain of 0.48%.
Analysts and investors alike will be keeping a close eye on the performance of Louisiana-Pacific in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.64, showcasing a 35.35% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $683 million, indicating a 9.54% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $2 per share and a revenue of $2.57 billion, demonstrating changes of -24.53% and -5%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Louisiana-Pacific. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Louisiana-Pacific boasts a Zacks Rank of #4 (Sell).
Digging into valuation, Louisiana-Pacific currently has a Forward P/E ratio of 37.52. This signifies a premium in comparison to the average Forward P/E of 28.5 for its industry.
One should further note that LPX currently holds a PEG ratio of 1.89. 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. Building Products - Wood stocks are, on average, holding a PEG ratio of 1.57 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 213, which puts it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Louisiana-Pacific (LPX) Rises Higher Than Market: Key Facts
Louisiana-Pacific (LPX - Free Report) closed at $77.23 in the latest trading session, marking a +2.92% move from the prior day. The stock outpaced the S&P 500's daily gain of 1.65%. At the same time, the Dow added 0.92%, and the tech-heavy Nasdaq gained 3.07%.
Heading into today, shares of the home construction supplier had gained 7.41% over the past month, outpacing the Construction sector's gain of 0.75% and the S&P 500's gain of 0.48%.
Analysts and investors alike will be keeping a close eye on the performance of Louisiana-Pacific in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.64, showcasing a 35.35% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $683 million, indicating a 9.54% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $2 per share and a revenue of $2.57 billion, demonstrating changes of -24.53% and -5%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Louisiana-Pacific. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Louisiana-Pacific boasts a Zacks Rank of #4 (Sell).
Digging into valuation, Louisiana-Pacific currently has a Forward P/E ratio of 37.52. This signifies a premium in comparison to the average Forward P/E of 28.5 for its industry.
One should further note that LPX currently holds a PEG ratio of 1.89. 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. Building Products - Wood stocks are, on average, holding a PEG ratio of 1.57 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 213, which puts it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.