Could LSC Communications, Inc. (LKSD) Recover After Forming a Bearish Double Bottom Pattern?

July 16, 2018 - By Billy Entrekin

The chart of LSC Communications, Inc. (LKSD) shows a double bottom with $13.47 target or 5.00 % below today’s $14.18 share price. The 8 months chart pattern indicates high risk for the $473.36M company. It was reported on Jul, 16 by Finviz.com. If the $13.47 price target is reached, the company will be worth $23.67M less. Double bottoms are rare but powerful chart patterns.

The stock decreased 2.54% or $0.37 during the last trading session, reaching $14.18. About 94,723 shares traded. LSC Communications, Inc. (NYSE:LKSD) has declined 41.46% since July 16, 2017 and is downtrending. It has underperformed by 54.03% the S&P500.

Analysts await LSC Communications, Inc. (NYSE:LKSD) to report earnings on August, 2 before the open. They expect $0.52 EPS, down 11.86 % or $0.07 from last year’s $0.59 per share. LKSD’s profit will be $17.36 million for 6.82 P/E if the $0.52 EPS becomes a reality. After $-0.11 actual EPS reported by LSC Communications, Inc. for the previous quarter, Wall Street now forecasts -572.73 % EPS growth.

More notable recent LSC Communications, Inc. (NYSE:LKSD) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For June 25, 2018” on June 25, 2018, also Streetinsider.com with their article: “LSC Communications, Inc. (LKSD) Secures Multi-Year Newsstand Distribution Agreement with Penny Press” published on July 10, 2018, Streetinsider.com published: “LSC Communications, Inc. (LKSD) Extends and Expands Print Supply Chain Agreement with Penguin Random House” on July 11, 2018. More interesting news about LSC Communications, Inc. (NYSE:LKSD) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For July 6, 2018” published on July 06, 2018 as well as Globenewswire.com‘s news article titled: “Detailed Research: Economic Perspectives on LSC Communications, Cardiovascular, RPX, Nustar Energy, LSB …” with publication date: June 19, 2018.

LSC Communications, Inc. provides various traditional and digital print services, print-related services, and office products. The company has market cap of $473.36 million. It operates through two divisions, Print and Office Products. It currently has negative earnings. The Print segment produces catalogs, magazines, retail inserts, books, and directories.

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