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The Zacks Rank Explained: How to Find Strong Buy Construction Stocks

Zacks Equity Research
·1 min read

Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.

Should You Buy #1 (Strong Buy)-Ranked Louisiana-Pacific (LPX) for Your Portfolio?

Louisiana-Pacific was upgraded to the Zacks Rank #1 list on April 23, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.

Louisiana-Pacific Corporation or LP is a leading manufacturer of sustainable, quality engineered wood building materials, structural framing products as well as exterior siding for use in residential, industrial and light commercial construction.

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Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $1.94 to $5.79 per share. LPX also boasts an average earnings surprise of 18.6%.

Earnings are expected to grow 79.8% for the current fiscal year, while revenue is projected to increase 17%.

Even more impressive, LPX has gained in value over the past four weeks, up 4.4% compared to the S&P 500's gain of 4.2%.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Louisiana-Pacific could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.

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Louisiana-Pacific Corporation (LPX) : Free Stock Analysis Report

Zacks Investment Research