Lumber Liquidators Holdings (LL - Free Report) is a multi-channel specialty retailer of hardwood flooring enhancements and accessories that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on LL’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that LumberLiquidators could be a solid choice for investors.
Current Quarter Estimates for LL
In the past 30 days, two estimates have gone higher for Lumber Liquidators while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 1 cent a share 30 days ago, to 3 cents today, a significant move.
Current Year Estimates for LL
Meanwhile, Lumber Liquidators’ current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to nonelower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 82 cents per share 30 days ago to a loss of 69 cents per share today, an increase of 18.8%.
The stock has also started to move higher lately, adding 14.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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