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Louisiana-Pacific Corp Down 8.00% To $57.57 After Earnings Beat

Tuesday, August 09, 2022 03:04 PM | InvestorsObserver Analysts
Louisiana-Pacific Corp Down 8.00% To $57.57 After Earnings Beat

Louisiana-Pacific Corp (LPX) said before open Tuesday that it earned $4.57 per share in quarter two 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $1.1 billion, missing estimates by $120 million.

In the same quarter a year ago, the company earned $4.74 per share on revenue of $1.3 billion.

The stock is down 8.00% to $57.57 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Louisiana-Pacific Corp a Bullish Sentiment Rank from InvestorsObserver.

Louisiana-Pacific Corp has performed a little above average during the past few months. Before the report, Louisiana-Pacific Corp received a Long-Term Technical Rank by InvestorsObserver of 71, putting it in the top half of stocks. The firm was recently trading at a 52-week low of $49.98 on June 23, 2022 and set a 52-week high on January 3, 2022 at $79.77.

Louisiana-Pacific Corp is primarily an oriented strand board producer while offering engineered wood siding and engineered wood products used in home construction. The company's segment includes Siding; OSB; EWP and South America. It generates maximum revenue from the Siding segment. The Siding segment serves diverse end markets with a broad product offering of engineered wood siding, trim, and fascia, including LP SmartSide Trim and Siding, LP SmartSide ExpertFinish Trim and Siding, LP BuilderSeries Lap Siding, and LP Outdoor Building Solutions.

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