Filed under: Earnings reports, Home Depot (HD), Lowe’s Cos (LOW), Technical Analysis, Stocks to Buy

Lumber Liquidators (NYSE: LL) is the largest specialty retailer of hardwood flooring in the United States. Product lines include prefinished domestic and exotic hardwoods, engineered hardwoods, unfinished hardwoods, bamboo, cork, and laminates. Altogether, the firm offers 150 varieties of flooring. These are sold from 124 stores in 44 states, via catalogs, over the Internet and through a Virginia call center. Competitors include Home Depot (NYSE: HD) and Lowe’s Companies (NYSE: LOW).

The firm surprised the Street last week, when it reported Q4 EPS of 12 cents and revenues of $105.5 million. Analysts had been expecting ten cents and $102.2 million. In discussing the solid numbers, the CEO pointed to growth-oriented infrastructure investments and a higher-margin merchandise assortment. Management also guided FY08 EPS to 70-78 cents (73 cent consensus) and FY08 revenues to $475-$490 million ($483.27M consensus).

Continue reading Lumber Liquidators (LL): Shares forming bullish ‘pennant’

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