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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 higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.49 to $5.54 per share. LPX also boasts an average earnings surprise of 30.7%.
Earnings are expected to grow 72.1% for the current fiscal year, while revenue is projected to increase 12.7%.
LPX has been moving higher over the past four weeks as well, up 6.6% compared to the S&P 500's gain of 4.4%.
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
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