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Louisiana-Pacific (LPX) Increases Despite Market Slip: Here's What You Need to Know
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Louisiana-Pacific (LPX - Free Report) ended the recent trading session at $81.60, demonstrating a +2.4% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.01% for the day. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq lost 0.46%.
The stock of home construction supplier has risen by 5.91% in the past month, lagging the Construction sector's gain of 8.59% and overreaching the S&P 500's loss of 1.4%.
Investors will be eagerly watching for the performance of Louisiana-Pacific in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.64, signifying a 35.35% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $683 million, reflecting a 9.54% fall from the equivalent quarter last year.
LPX's full-year Zacks Consensus Estimates are calling for earnings of $2 per share and revenue of $2.57 billion. These results would represent year-over-year changes of -24.53% and -5%, respectively.
It is also important to note the recent changes to analyst estimates for Louisiana-Pacific. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, Louisiana-Pacific holds a Zacks Rank of #4 (Sell).
Looking at its valuation, Louisiana-Pacific is holding a Forward P/E ratio of 39.85. For comparison, its industry has an average Forward P/E of 29.2, which means Louisiana-Pacific is trading at a premium to the group.
Investors should also note that LPX has a PEG ratio of 2 right now. 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. The Building Products - Wood was holding an average PEG ratio of 1.54 at yesterday's closing price.
The Building Products - Wood industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 201, positioning it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Louisiana-Pacific (LPX) Increases Despite Market Slip: Here's What You Need to Know
Louisiana-Pacific (LPX - Free Report) ended the recent trading session at $81.60, demonstrating a +2.4% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.01% for the day. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq lost 0.46%.
The stock of home construction supplier has risen by 5.91% in the past month, lagging the Construction sector's gain of 8.59% and overreaching the S&P 500's loss of 1.4%.
Investors will be eagerly watching for the performance of Louisiana-Pacific in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.64, signifying a 35.35% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $683 million, reflecting a 9.54% fall from the equivalent quarter last year.
LPX's full-year Zacks Consensus Estimates are calling for earnings of $2 per share and revenue of $2.57 billion. These results would represent year-over-year changes of -24.53% and -5%, respectively.
It is also important to note the recent changes to analyst estimates for Louisiana-Pacific. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, Louisiana-Pacific holds a Zacks Rank of #4 (Sell).
Looking at its valuation, Louisiana-Pacific is holding a Forward P/E ratio of 39.85. For comparison, its industry has an average Forward P/E of 29.2, which means Louisiana-Pacific is trading at a premium to the group.
Investors should also note that LPX has a PEG ratio of 2 right now. 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. The Building Products - Wood was holding an average PEG ratio of 1.54 at yesterday's closing price.
The Building Products - Wood industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 201, positioning it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.