Lumber Liquidators Holdings
The 10-second takeaway
For the quarter ended March 31 (Q1), Lumber Liquidators Holdings beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew significantly.
Margins improved across the board.
Lumber Liquidators Holdings chalked up revenue of $188.0 million. The 12 analysts polled by S&P Capital IQ predicted sales of $176.1 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $159.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.29. The nine earnings estimates compiled by S&P Capital IQ predicted $0.25 per share. GAAP EPS of $0.29 for Q1 were 45% higher than the prior-year quarter's $0.20 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 37.3%, 110 basis points better than the prior-year quarter. Operating margin was 7.1%, 130 basis points better than the prior-year quarter. Net margin was 4.4%, 80 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $192.6 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $738.3 million. The average EPS estimate is $1.16.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 570 members out of 597 rating the stock outperform, and 27 members rating it underperform. Among 169 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 162 give Lumber Liquidators Holdings a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lumber Liquidators Holdings is hold, with an average price target of $22.44.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Lumber Liquidators Holdings. Motley Fool newsletter services have recommended buying shares of Lumber Liquidators Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.