Louisiana Pacific (LPX) is expected to report Q3 earnings before market open on Tuesday, November 3 with a conference call scheduled for 11:00 am ET.
Analysts are looking for a profit of (19c) on revenue of $304.09M. The consensus range is (24c)-(11c) for EPS, and revenue of $293.25M-$318M, according to First Call. When it announced its Q2 results, the company announced it is seeing mixed signals for U.S. housing, but is seeing more good than bad, and seeing slight seasonal uptick at end of June on all product lines. Louisiana Pacific also stated that it expects new homes starts to improve slowly in months ahead, and in late September said it anticipates Q3 Siding to be in the range of $14M-$16M, Oriented Stand Board ($10M)-($8M) and Engineered Wood Products ($10M)-($8M).
Louisiana Pacific had a series of downgrades in late September into early October. The company was downgraded to Neutral from Accumulate at Buckingham and to Sector Performer from Sector Outperformer at CIBC. Louisiana Pacific was also downgraded to Neutral from Buy at DA Davidson based on valuation.