Looking for Construction Stocks? The Zacks Rank Can Help You Find Winners

Zacks
2024-11-27

It doesn't matter if you're a growth, value, income, or momentum-focused investor -- building a successful investment portfolio takes skill, research, and a little bit of luck.

Should You Buy #1 (Strong Buy)-Ranked Louisiana-Pacific (LPX) for Your Portfolio?

Louisiana-Pacific was upgraded to the Zacks Rank #1 list on November 9, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.

Louisiana-Pacific Corporation or LP is a leading manufacturer of sustainable, quality engineered wood building materials, structural framing products as well as exterior siding for use in residential, industrial and light commercial construction.

Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.50 to $5.54 per share. LPX boasts an average earnings surprise of 30.7%.

Earnings are forecasted to see growth of 72.1% for the current fiscal year, and sales are expected to increase 12.7%.

Even more impressive, LPX has gained in value over the past four weeks, up 21.4% compared to the S&P 500's gain of 3.8%.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Louisiana-Pacific could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.

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Louisiana-Pacific Corporation (LPX) : Free Stock Analysis Report

Zacks Investment Research

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