NEW YORK (TheStreet) -- Shares of Lumber Liquidators (LL) were plummeting 16.8% to $57.20 on heavy trading volume Wednesday after the home improvement retailer missed analysts' estimates for earnings and revenue in the fourth quarter.
Lumber Liquidators reported earnings of 64 cents a share for the fourth quarter, below the Capital IQ Consensus Estimate of 77 cents a share. Revenue grew 5.3% year over year to $272 million for the fourth quarter, compared to analysts' estimates of $279.33 million.
The company said that comparable store sales fell 4.2% for the quarter.
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Looking to full year 2015, Lumber Liquidators said it expects to report earnings of $2.50 to $3 a share and revenue of $1.14 billion to $1.21 billion. Analysts expect earnings of $2.98 a share and revenue of $1.17 billion for the full year.
"Though we experienced a number of challenges in 2014 as well as significant infrastructure investments, I believe we are well positioned for a stronger 2015," President and CEO Robert M. Lynch said in a statement.
About 9.3 million shares of Lumber Liquidators were traded by 11:42 a.m. Wednesday, well above the average trading volume of about 694,000 shares a day.
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 several positive factors, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
You can view the full analysis from the report here: LL Ratings Report