Louisiana-Pacific Corp reports results for the quarter ended in March - Earnings Summary

Louisiana-Pacific

08/05/2024 14:51

* Louisiana-Pacific Corp  LPX.N  reported quarterly adjusted
earnings of $1.53​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 34 cents.  The mean expectation of ten analysts
for the quarter was for earnings of $1.12 per share. Wall Street
expected results to range from 98 cents to $1.21 per share.
    * Revenue rose 24% to $724.00 million from a year ago;
analysts
expected $688.85 million. 
    * Louisiana-Pacific Corp's reported EPS for the quarter was
$1.48​.
    * The company reported quarterly net income of $108 million.
    * Louisiana-Pacific Corp shares had fallen by 13.0% this
quarter and gained 3.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 27.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the forest & wood
products peer group is also "hold"

Wall Street's median 12-month price target for Louisiana-Pacific
Corp is $85.00 
This summary was machine generated from LSEG data May 8 at 01:51
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      1.12           1.53           Beat
 Dec. 31 2023      0.55           0.71           Beat
 Sep. 30 2023      1.53           1.62           Beat
 Jun. 30 2023      0.66           0.55           Missed