Louisiana-Pacific Corporation (NYSE:LPX) is reporting third quarter financial results on Tuesday 3rd November 2020, before market open.
According to analysts surveyed by Thomson Reuters, LPX is expected to report 3Q20 income of $ 1.45 per share from revenue of $ 753.09 million.
For the full year, analysts anticipate top line of $ 2520.89 million, while looking forward to income of $ 3.11 per share bottom line.
Previous Quarter Performance
Louisiana-Pacific Corporation unveiled income for the second quarter of $ 0.43 per share, from the revenue of $ 548.00 million. The quarterly earnings improved 290.91 percent while revenues dropped 15.17 percent compared with the same quarter last year.
Street analysts expected Louisiana-Pacific Corporation to report income of $ 0.16 per share on revenue of $ 530.64 million for the second quarter. The bottom line results beat street analysts by $ 0.27 or 168.75 percent, at the same time, top line results outshined analysts by $ 17.36 million or 3.27 percent.
Stock Performance
Shares of Louisiana-Pacific Corporation traded up $ 1.29 or 4.51 percent on Monday, reaching $ 29.87 with volume of 1.38 million shares. Louisiana-Pacific Corporation has traded high as $ 29.97 and has cracked $ 29.07 on the downward trend
The closing price of $ 29.87, representing a 120.35 % increase from the 52 week low of $ 12.97 and a 16.8 % decrease over the 52 week high of $ 34.35.
The company has a market capital of $ 3.35 billion and is part of the Basic Materials sector and Building Materials industry.
Recent Analyst recommendations
- On 30th September 2020, downgraded by Stephens to Underweight from Equal-Weight rating.
- On 11th September 2020, maintained by Bank of America at Buy rating, with $ 37.00 target price.
Conference Call
Louisiana-Pacific Corporation will be hosting a conference call at 11:00 AM eastern time on 3rd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lpcorp.com
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
