Lumber Liquidators Holdings
The 10-second takeaway
For the quarter ended June 30 (Q2), 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 increased across the board.
Lumber Liquidators Holdings chalked up revenue of $257.1 million. The 12 analysts polled by S&P Capital IQ anticipated revenue of $243.3 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $210.3 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 $0.73. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.60 per share. GAAP EPS of $0.73 for Q2 were 70% higher than the prior-year quarter's $0.43 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 41.3%, 400 basis points better than the prior-year quarter. Operating margin was 12.9%, 350 basis points better than the prior-year quarter. Net margin was 7.9%, 210 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $232.9 million. On the bottom line, the average EPS estimate is $0.60.
Next year's average estimate for revenue is $946.7 million. The average EPS estimate is $2.42.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 615 members out of 670 rating the stock outperform, and 55 members rating it underperform. Among 235 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 212 give Lumber Liquidators Holdings a green thumbs-up, and 23 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 $84.57.
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