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

Louisiana-Pacific

01/11/2023 13:31

* Louisiana-Pacific Corp  LPX.N  reported quarterly adjusted
earnings of $1.62​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $1.72.  The mean expectation of
nine analysts for the quarter was for earnings of $1.53 per
share. Wall Street expected results to range from $1.37 
to $2.22 per share.
    * Revenue fell 14.6% to $728.00 million from a year ago;
analysts
expected $727.17 million. 
    * Louisiana-Pacific Corp's reported EPS for the quarter was
$1.64​.
    * The company reported quarterly net income of $118 million.
    * Louisiana-Pacific Corp shares had fallen by 7.2% this
quarter and lost 13.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.3%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and 2 "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 $75.00 
This summary was machine generated from LSEG data November 1 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.53           1.62           Beat
 Jun. 30 2023      0.66           0.55           Missed
 Mar. 31 2023      0.05           0.34           Beat
 Dec. 31 2022      0.54           0.61           Beat