Norbord closed the most recent trading day at $26.36, moving +0.69% from the previous trading session. This change outpaced the S&P 500's 1.44% loss on the day. Elsewhere, the Dow lost 1.27%, while the tech-heavy Nasdaq lost 2.06%.
Heading into today, shares of the wood-based panel producer had lost 27.58% over the past month, lagging the Construction sector's loss of 12.42% and the S&P 500's loss of 2.61% in that time.
Investors will be hoping for strength from OSB as it approaches its next earnings release, which is expected to be October 26, 2018. The company is expected to report EPS of $0.86, down 38.13% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for OSB. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 19.3% lower. OSB is holding a Zacks Rank of #5 (Strong Sell) right now.
Investors should also note OSB's current valuation metrics, including its Forward P/E ratio of 5.69. For comparison, its industry has an average Forward P/E of 12.27, which means OSB is trading at a discount to the group.
Also, we should mention that OSB has a PEG ratio of 0.95. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Building Products - Wood was holding an average PEG ratio of 1.68 at yesterday's closing price.
The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 207, putting it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Norbord (OSB) Gains As Market Dips: What You Should Know
Norbord closed the most recent trading day at $26.36, moving +0.69% from the previous trading session. This change outpaced the S&P 500's 1.44% loss on the day. Elsewhere, the Dow lost 1.27%, while the tech-heavy Nasdaq lost 2.06%.
Heading into today, shares of the wood-based panel producer had lost 27.58% over the past month, lagging the Construction sector's loss of 12.42% and the S&P 500's loss of 2.61% in that time.
Investors will be hoping for strength from OSB as it approaches its next earnings release, which is expected to be October 26, 2018. The company is expected to report EPS of $0.86, down 38.13% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for OSB. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 19.3% lower. OSB is holding a Zacks Rank of #5 (Strong Sell) right now.
Investors should also note OSB's current valuation metrics, including its Forward P/E ratio of 5.69. For comparison, its industry has an average Forward P/E of 12.27, which means OSB is trading at a discount to the group.
Also, we should mention that OSB has a PEG ratio of 0.95. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Building Products - Wood was holding an average PEG ratio of 1.68 at yesterday's closing price.
The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 207, putting it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
You can find more information on all of these metrics, and much more, on Zacks.com.