Louisiana-Pacific Corporation (NYSE:LPX) is trading up 46.58% versus 12-month low of 13.31 and stands -7.80% lower from its 1-year peak of $21.16. The consensus price target (PT) of $21.77 means that the market expects Company shares to increase by 12.4% in the short run. The sell-side target prices range from $12 to $26. In the last month the stock has moved in price -6.47%, with a one year change of 16.27%. The last trading session volume compares with the 1.53M average and market worth floats around 2.80B.
Louisiana-Pacific Corporation (NYSE:LPX) gained 0.77% to reach at the trading price of $19.51 as it is set to release its next quarterly earnings report on February 16, 2017. Louisiana-Pacific Corporation stock trades in the range of $19.30 to $19.60 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.19 a share with $534.56M in revenue.
Louisiana-Pacific Corporation (LPX) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Louisiana-Pacific Corporation to earn $0.27 per share (EPS) on revenue of $591M. The EPS consensus range is $0.16-$0.35 on revenue between $608M and $579.31M.
While if we look at the Earnings Track Record, Louisiana-Pacific Corporation (LPX) managed to surpass quarterly earnings per share estimates in 6 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 50%. Last time the company reported, Louisiana-Pacific Corporation (LPX) generated $0.53 in earnings per share, beating the consensus estimate of $0.37. Revenues hit $596.4M in the September 2017 quarter, which was below the consensus $600.78M projection. On the other hand, in the June 2017 quarter the company recorded a net $582.4M revenue with earnings per share of $0.26. Wall Street had anticipated $578.3M and $0.25, respectively. For comparison, there was a revenue of $504.6M and EPS of $0.05 in the March 2016 period.
Louisiana-Pacific Corporation (NYSE:LPX) Analyst Insights
The buoyancy in the outlook of Louisiana-Pacific Corporation (LPX) is getting weaker by the somewhat negative sentiment (2.50 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Neutral. Dundee has been covering shares of LPX, so it is most recent view is worth a look. In a research note issued on Dec 07, 2016, analysts at downgraded the stock to Underperform from Neutral. Another noteworthy analyst activity was recorded on Jul 21, 2016. Dundee Analysts lifted the stock to Buy from Neutral.