Louisiana-Pacific's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Louisiana-Pacific (NYSE:LPX) is scheduled to release its quarterly earnings report on February 14, 2024, with analysts expecting an EPS of $0.55. The company's past performance shows a mix of earnings beats and misses, with the stock price reacting accordingly. Shares are currently trading at $70.93, reflecting a 3.1% increase over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
February 13, 2024 | 9:01 pm
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POSITIVE IMPACT
Louisiana-Pacific is expected to report an EPS of $0.55 for the upcoming quarter. Historical data shows its stock price reacts to earnings beats/misses and guidance. Currently trading at $70.93, with a 3.1% increase over the last year.
Given LPX's history of stock price movement post-earnings and the current positive trend, a beat on the expected EPS of $0.55 or positive future guidance could lead to a short-term price increase. The company's past performance, including a 5.82% increase after last quarter's earnings beat, supports this potential outcome. However, the market's reaction can be unpredictable, hence the confidence score is not at the maximum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100