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Louisiana-Pacific (LPX) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Louisiana-Pacific (LPX - Free Report) closed at $64.55 in the latest trading session, marking a -1.84% move from the prior day. This change lagged the S&P 500's daily loss of 0.25%. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq gained 0.24%.
Prior to today's trading, shares of the home construction supplier had lost 4.43% lagged the Construction sector's loss of 4.32% and the S&P 500's loss of 0.42%.
The investment community will be closely monitoring the performance of Louisiana-Pacific in its forthcoming earnings report. The company's upcoming EPS is projected at $0.28, signifying a 22.22% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $666.25 million, indicating a 0.49% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.17 per share and revenue of $2.52 billion, which would represent changes of -55.85% and -6.79%, respectively, from the prior year.
Any recent changes to analyst estimates for Louisiana-Pacific should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Louisiana-Pacific is currently sporting a Zacks Rank of #5 (Strong Sell).
With respect to valuation, Louisiana-Pacific is currently being traded at a Forward P/E ratio of 56.4. For comparison, its industry has an average Forward P/E of 27.22, which means Louisiana-Pacific is trading at a premium to the group.
Meanwhile, LPX's PEG ratio is currently 9.31. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Building Products - Wood industry held an average PEG ratio of 1.86.
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 Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Louisiana-Pacific (LPX) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Louisiana-Pacific (LPX - Free Report) closed at $64.55 in the latest trading session, marking a -1.84% move from the prior day. This change lagged the S&P 500's daily loss of 0.25%. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq gained 0.24%.
Prior to today's trading, shares of the home construction supplier had lost 4.43% lagged the Construction sector's loss of 4.32% and the S&P 500's loss of 0.42%.
The investment community will be closely monitoring the performance of Louisiana-Pacific in its forthcoming earnings report. The company's upcoming EPS is projected at $0.28, signifying a 22.22% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $666.25 million, indicating a 0.49% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.17 per share and revenue of $2.52 billion, which would represent changes of -55.85% and -6.79%, respectively, from the prior year.
Any recent changes to analyst estimates for Louisiana-Pacific should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Louisiana-Pacific is currently sporting a Zacks Rank of #5 (Strong Sell).
With respect to valuation, Louisiana-Pacific is currently being traded at a Forward P/E ratio of 56.4. For comparison, its industry has an average Forward P/E of 27.22, which means Louisiana-Pacific is trading at a premium to the group.
Meanwhile, LPX's PEG ratio is currently 9.31. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Building Products - Wood industry held an average PEG ratio of 1.86.
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 Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.