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Louisiana-Pacific (LPX) Falls More Steeply Than Broader Market: What Investors Need to Know
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Louisiana-Pacific (LPX - Free Report) closed the most recent trading day at $66.28, moving -2.56% from the previous trading session. This change lagged the S&P 500's daily loss of 0.03%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.01%.
The home construction supplier's shares have seen a decrease of 4.49% over the last month, surpassing the Construction sector's loss of 7.09% and falling behind the S&P 500's gain of 0.53%.
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 $0.28, showcasing a 22.22% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $666.25 million, reflecting a 0.49% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.17 per share and revenue of $2.52 billion. These totals would mark changes of -55.85% and -6.79%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Louisiana-Pacific. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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, 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Louisiana-Pacific currently has a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Louisiana-Pacific is presently being traded at a Forward P/E ratio of 58.34. This represents a premium compared to its industry average Forward P/E of 26.75.
Meanwhile, LPX's PEG ratio is currently 9.63. 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 the market closed yesterday, the Building Products - Wood industry was having an average PEG ratio of 2.01.
The Building Products - Wood industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 199, finds itself in the bottom 20% echelons 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.
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) Falls More Steeply Than Broader Market: What Investors Need to Know
Louisiana-Pacific (LPX - Free Report) closed the most recent trading day at $66.28, moving -2.56% from the previous trading session. This change lagged the S&P 500's daily loss of 0.03%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.01%.
The home construction supplier's shares have seen a decrease of 4.49% over the last month, surpassing the Construction sector's loss of 7.09% and falling behind the S&P 500's gain of 0.53%.
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 $0.28, showcasing a 22.22% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $666.25 million, reflecting a 0.49% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.17 per share and revenue of $2.52 billion. These totals would mark changes of -55.85% and -6.79%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Louisiana-Pacific. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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, 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Louisiana-Pacific currently has a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Louisiana-Pacific is presently being traded at a Forward P/E ratio of 58.34. This represents a premium compared to its industry average Forward P/E of 26.75.
Meanwhile, LPX's PEG ratio is currently 9.63. 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 the market closed yesterday, the Building Products - Wood industry was having an average PEG ratio of 2.01.
The Building Products - Wood industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 199, finds itself in the bottom 20% echelons 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.