Louisiana-Pacific Corp (NYSE: LPX) has reported earnings for its second fiscal quarter (ending June 30) of $2.23 versus a loss $-0.28 for the same period a year ago. This result exceeded the consensus estimate of $1.93 by $0.30. For the latest four quarters through June 30, E.P.S. were $6.16 versus $1.63 for the same period a year ago — an increase of 278%.
Recent Price Action
Louisiana-Pacific Corp (NYSE: LPX) stock increased 1.0% on 8/7/24. The shares closed at $94.91. Moreover, this advance was accompanied by unusually high trading volume at 194% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.8% 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 C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Louisiana-Pacific has a slightly negative Appreciation Score of 38 but a good Power Rating of 79, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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