Lumber Liquidators Holdings Earnings: Here’s Why Investors are Happy Now
Lumber Liquidators Holdings, Inc. (NYSE:LL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 8.50%.
Lumber Liquidators Holdings, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 69.77% to $0.73 in the quarter versus EPS of $0.43 in the year-earlier quarter.
Revenue: Rose 22.22% to $257.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Lumber Liquidators Holdings, Inc. reported adjusted EPS income of $0.73 per share. By that measure, the company beat the mean analyst estimate of $0.61. It beat the average revenue estimate of $244.22 million.
Quoting Management: Robert M. Lynch, President and Chief Executive Officer, commented, “The team focused on our key strategic initiatives and achieved outstanding results through the important spring remodeling season. Our value proposition of price, selection, quality, availability and expertise continues to be recognized by a growing customer base, and our commitment to continuous improvement drove strong performance throughout the organization. We are pleased that our coordinated efforts enabled us to capture additional market share and deliver record operating margin.”
Key Stats (on next page)…
Revenue increased 11.58% from $230.42 million in the previous quarter. EPS increased 28.07% from $0.57 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.59 to a profit $0.6. For the current year, the average estimate has moved up from a profit of $2.36 to a profit of $2.43 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)