Lumber Liquidators Holdings, Inc. LL is a retailer of hard-surface flooring 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 Lumber Liquidators could be a solid choice for investors.
Current Quarter Estimates for LL
In the past 30 days, three 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 moving from a loss of 8 cents a share 30 days ago, to earnings of 11 cents today.
Current Year Estimates for LL
Meanwhile, Lumber Liquidators’ current year figures are also looking quite promising, with five estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 42 cents per share 30 days ago to 77 cents per share today, an increase of 83.3%.
Lumber Liquidators Holdings, Inc Price and Consensus
Lumber Liquidators Holdings, Inc price-consensus-chart | Lumber Liquidators Holdings, Inc Quote
The stock has also started to move higher lately, adding 8.4% 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.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2020 today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Lumber Liquidators Holdings, Inc (LL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research