4 Construction Stocks Poised For A Q3 Earnings Beat

The company surpassed estimates in two of the trailing four quarters, with an average positive earnings surprise of 1.16%.

For the upcoming release, Louisiana-Pacific has a Zacks Rank #3 along with an Earnings ESP +3.49%. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at 76 cents per share.

The company is expected to report third-quarter 2017 results on Oct 30.

Bottom Line

U.S. housing spending that had peaked in early 2006 has waned in the meantime due to various macro-economic factors. However, with a recovering economy and solid job market, the critical question is to choose the right construction stocks before they release their earnings numbers.

A close look at the space for some outperformers, backed by a solid Zacks Rank and a positive Zacks Earnings ESP, could be a great idea for investors to tap into the optimism in the sector.

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