For its first fiscal quarter (ending March 31), Louisiana-Pacific Corp (NYSE: LPX) has reported a 414% increase in E.P.S. from $0.29 a year ago to $1.49 in the current quarter. This performance was $0.56 better than the consensus estimate of $0.94. E.P.S. were $3.65 for the latest four quarters through March 31 versus $6.20 for the same period a year ago — a decline of -41%.
Recent Price Action
Louisiana-Pacific Corp (NYSE: LPX) stock enjoyed a major increase of 20.8% on 5/8/24. The shares closed at $88.14. Moreover, this advance was accompanied by exceptionally high trading volume at 387% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 20.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, LPX is expected to continue to be an important Value Builder.
Louisiana-Pacific has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Louisiana-Pacific has a neutral Appreciation Score of 49 but a good Power Rating of 85, and the Positive Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information and very positive price change we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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