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Louisiana-Pacific (LPX) Exceeds Market Returns: Some Facts to Consider
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Louisiana-Pacific (LPX - Free Report) ended the recent trading session at $66.89, demonstrating a +2.45% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.58%. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 0.45%.
Heading into today, shares of the home construction supplier had lost 4.22% over the past month, lagging the Construction sector's loss of 3.73% and the S&P 500's gain of 0.84%.
The upcoming earnings release of Louisiana-Pacific will be of great interest to investors. 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. 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. These recent revisions tend to reflect the evolving nature of short-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 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, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Louisiana-Pacific is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Louisiana-Pacific is currently being traded at a Forward P/E ratio of 55.99. This denotes a premium relative to the industry average Forward P/E of 25.46.
Meanwhile, LPX's PEG ratio is currently 9.24. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Building Products - Wood stocks are, on average, holding a PEG ratio of 1.9 based on yesterday's closing prices.
The Building Products - Wood industry is part of the Construction sector. With its current Zacks Industry Rank of 112, this industry ranks in the top 46% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Louisiana-Pacific (LPX) Exceeds Market Returns: Some Facts to Consider
Louisiana-Pacific (LPX - Free Report) ended the recent trading session at $66.89, demonstrating a +2.45% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.58%. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 0.45%.
Heading into today, shares of the home construction supplier had lost 4.22% over the past month, lagging the Construction sector's loss of 3.73% and the S&P 500's gain of 0.84%.
The upcoming earnings release of Louisiana-Pacific will be of great interest to investors. 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. 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. These recent revisions tend to reflect the evolving nature of short-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 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, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Louisiana-Pacific is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Louisiana-Pacific is currently being traded at a Forward P/E ratio of 55.99. This denotes a premium relative to the industry average Forward P/E of 25.46.
Meanwhile, LPX's PEG ratio is currently 9.24. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Building Products - Wood stocks are, on average, holding a PEG ratio of 1.9 based on yesterday's closing prices.
The Building Products - Wood industry is part of the Construction sector. With its current Zacks Industry Rank of 112, this industry ranks in the top 46% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.