Investors focused on the Construction space have likely heard of Louisiana-Pacific (LPX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of LPX and the rest of the Construction group's stocks.
Louisiana-Pacific is a member of our Construction group, which includes 100 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. LPX is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for LPX's full-year earnings has moved 40.43% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that LPX has returned about 5.71% since the start of the calendar year. Meanwhile, the Construction sector has returned an average of -7.40% on a year-to-date basis. As we can see, Louisiana-Pacific is performing better than its sector in the calendar year.
Looking more specifically, LPX belongs to the Building Products - Wood industry, a group that includes 11 individual stocks and currently sits at #14 in the Zacks Industry Rank. On average, this group has gained an average of 3.15% so far this year, meaning that LPX is performing better in terms of year-to-date returns.
Going forward, investors interested in Construction stocks should continue to pay close attention to LPX as it looks to continue its solid performance.