Louisiana-Pacific Q1 2024 Adj EPS $1.53 Beats $1.12 Estimate, Sales $724.000M Beat $688.848M Estimate
Portfolio Pulse from Benzinga Newsdesk
Louisiana-Pacific (NYSE:LPX) reported Q1 2024 adjusted EPS of $1.53, surpassing the $1.12 estimate, with sales of $724M also beating the $688.848M forecast. This represents a 23.97% increase in sales compared to the same period last year.
May 08, 2024 | 10:03 am
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Louisiana-Pacific reported a significant beat on both EPS and sales estimates for Q1 2024, with a notable year-over-year sales growth.
Beating both EPS and sales estimates by a significant margin, especially with a substantial year-over-year sales increase, typically leads to positive investor sentiment and could drive the stock price up in the short term. The magnitude of the beat and the growth compared to the previous year underscore the company's strong performance, likely enhancing investor confidence in LPX.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100