NEW YORK (TheStreet) -- Lumber Liquidators
(LL) stock is tumbling on Wednesday after the company posted below-consensus earnings and revenue in its first quarter.
By early afternoon, shares had dropped 6% to $80.88.
The retailer of hardwood flooring saw net sales of $246.3 million, less than analyst estimates of $262 million, according to those polled by Thomson Reuters. Earnings of 49 cents a share came in far lower than expectations of 62 cents a share.
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TheStreet Ratings team rates LUMBER LIQUIDATORS HLDGS INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate LUMBER LIQUIDATORS HLDGS INC (LL) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."
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