LSB (LXU) Strikes 13.2% Greater: Will This Power Final?


This story initially appeared on Zacks

LSB (LXU) shares ended the final buying and selling session 13.2% increased at $12.67. The leap got here on a formidable quantity with a higher-than-average variety of shares altering arms within the session. This compares to the inventory’s 2.9% achieve over the previous 4 weeks.

– Zacks

LXU’s shares are heading increased in anticipation of sturdy fourth-quarter outcomes. The corporate’s outcomes are anticipated to be pushed by sturdy demand and pricing for its agricultural and industrial merchandise. Its fourth-quarter outcomes are anticipated to replicate the advantages of strong demand and a rally in costs for fertilizers. Sturdy demand from key finish markets together with homebuilding and energy era can also be anticipated to drive leads to its industrial enterprise.

This chemical maker is predicted to submit quarterly earnings of $0.37 per share in its upcoming report, which represents a year-over-year change of +145.1%. Revenues are anticipated to be $180.1 million, up 102.6% from the year-ago quarter.

Whereas earnings and income progress expectations are necessary in evaluating the potential energy in a inventory, empirical analysis reveals a powerful correlation between traits in earnings estimate revisions and near-term inventory value actions.

For LSB, the consensus EPS estimate for the quarter has remained unchanged over the past 30 days. And a inventory’s value normally would not preserve shifting increased within the absence of any pattern in earnings estimate revisions. So, be sure that to keep watch over LXU going ahead to see if this current leap can flip into extra energy down the highway.

The inventory presently carries a Zacks Rank #3 (Maintain). You’ll be able to see the entire checklist of right now’s Zacks Rank #1 (Sturdy Purchase) shares right here >>>>

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Lsb Industries Inc. (LXU): Free Inventory Evaluation Report
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