Will Rising Costs Mar Louisiana-Pacific's (LPX) Q4 Earnings?
Zacks Investment Research | Feb 10, 2019 08:34PM ET
Louisiana-Pacific Corporation (NYSE:LPX) is slated to report fourth-quarter 2018 results on Feb 13. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 25.8% but revenues missed the same by 1.5%. In fact, the stock outpaced the Zacks Consensus Estimate on earnings and revenues in three of of the trailing six quarters.
Meanwhile, in the third quarter, this manufacturer of building materials and engineered wood products’ top and bottom lines grew 3% and 18.6%, respectively, given strong operational execution across business, coupled with continued focus on its value-add, as well as high-margin siding and specialty products.
How are Estimates Faring?
Let’s take a look at the estimate revision trend in order to get a clear picture of what analysts are thinking about the company prior to the earnings release. The Zacks Consensus Estimate for the quarter to be reported is pegged at 30 cents, trending downward from 33 cents over the past 60 days. Also, this reflects a decline of 58.9% from 73 cents reported in the year-ago quarter. Revenues are expected to be $618.1 million, down 13% year over year.
Louisiana-Pacific Corporation Price and EPS Surprise
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