For the second quarter the company reported earnings of 8 cents a share, missing the Capital IQ Consensus Estimate of 10 cents a share by 2 cents. Revenue fell 14.7% year-over-year to $66.66 million for the quarter. Analysts expected revenue of $68.5 million for the quarter.
Loking forward to the full-year 2014 Tile Shop Holdings expects earnings of 30 cents to 35 cents a share, below analysts' estimates of 38 cents a share for the year.
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TheStreet Ratings team rates TILE SHOP HOLDINGS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TILE SHOP HOLDINGS INC (TTS) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and premium valuation."