Earnings are arguably the most important single number on a company's quarterly financial report. Wall Street clearly dives into all of the other metrics and management's input, but the EPS figure helps cut through all the noise.
The earnings figure itself is key, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb even higher.
The Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. The idea is relatively intuitive as a newer projection might be based on more complete information. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure.
The final step today is to look at a stock that meets our ESP qualifications. Louisiana-Pacific (LPX) earns a Zacks Rank #3 five days from its next quarterly earnings release on February 19, 2025, and its Most Accurate Estimate comes in at $0.96 a share.
LPX has an Earnings ESP figure of 21.14%, which, as explained above, is calculated by taking the percentage difference between the $0.96 Most Accurate Estimate and the Zacks Consensus Estimate of $0.79.
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Louisiana-Pacific Corporation (LPX) : Free Stock Analysis Report
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