U.S. Markets open in 4 hrs 4 mins

How Louisiana-Pacific (LPX) Stock Stands Out in a Strong Industry

Zacks Equity Research
1 / 2

Why Is Crown Castle (CCI) Up 3.7% Since Last Earnings Report?

Crown Castle (CCI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

One stock that might be an intriguing choice for investors right now is Louisiana-Pacific Corporation LPX. This is because this security in the Building Products - Wood space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Building Products – Wood space as it currently has a Zacks Industry Rank of 10 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Louisiana-Pacific is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Louisiana-Pacific Corporation Price and Consensus

Louisiana-Pacific Corporation Price and Consensus | Louisiana-Pacific Corporation Quote

In fact, over the past month, current quarter estimates have risen from 74 cents per share to 92 cents per share, while current year estimates have risen from $2.71 per share to $2.91 per share. This has helped LPX to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider Louisiana-Pacific. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Louisiana-Pacific Corporation (LPX) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.