Lumber Liquidators Holdings
The 10-second takeaway
For the quarter ended March 31 (Q1), Lumber Liquidators Holdings beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share expanded significantly.
Margins grew across the board.
Lumber Liquidators Holdings logged revenue of $230.4 million. The 12 analysts polled by S&P Capital IQ hoped for revenue of $215.5 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $188.0 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 $0.57. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.42 per share. GAAP EPS of $0.57 for Q1 were 97% higher than the prior-year quarter's $0.29 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 40.4%, 310 basis points better than the prior-year quarter. Operating margin was 11.0%, 390 basis points better than the prior-year quarter. Net margin was 6.8%, 240 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $234.2 million. On the bottom line, the average EPS estimate is $0.54.
Next year's average estimate for revenue is $913.5 million. The average EPS estimate is $2.14.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 591 members out of 635 rating the stock outperform, and 44 members rating it underperform. Among 214 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 198 give Lumber Liquidators Holdings a green thumbs-up, and 16 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 $65.29.
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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 recommends Lumber Liquidators. The Motley Fool owns shares of Lumber Liquidators. 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.
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