Louisiana-Pacific Corp LPX.N reported quarterly adjusted earnings of 99 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.09. The mean expectation of eleven analysts for the quarter was for earnings of $1.05 per share. Wall Street expected results to range from 89 cents to $1.27 per share.
Revenue fell 7.2% to $755.00 million from a year ago; analysts expected $738.36 million.
Louisiana-Pacific Corp's reported EPS for the quarter was 77 cents.
The company reported quarterly net income of $54 million.
Louisiana-Pacific Corp shares had risen by 10.4% this quarter and lost 8.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 9.2% 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 4 "strong buy" or "buy," 3 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the forest & wood products peer group is "buy."
Wall Street's median 12-month price target for Louisiana-Pacific Corp is $108.00, about 12.1% above its last closing price of $94.96
This summary was machine generated from LSEG data August 6 at 01:32 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)