RH (RH) To Report Earnings Tomorrow: Here Is What To Expect

Petr Huřťák /
2024/06/12 3:01 am EDT

Luxury furniture retailer RH (NYSE:RH) will be reporting results tomorrow after market hours. Here's what to look for.

RH missed analysts' revenue expectations by 5.1% last quarter, reporting revenues of $738.3 million, down 4.4% year on year. It was a weak quarter for the company, with a miss of analysts' earnings estimates.

Is RH a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting RH's revenue to decline 1.9% year on year to $725.2 million, improving from the 22.8% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.09 per share.

RH Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. RH has missed Wall Street's revenue estimates three times over the last two years.

Looking at RH's peers in the home furnishing and improvement retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Williams-Sonoma's revenues decreased 5.4% year on year, meeting analysts' expectations, and Arhaus reported a revenue decline of 3.1%, topping estimates by 11.7%. Williams-Sonoma traded down 9.3% following the results while Arhaus was up 23.8%.

Read our full analysis of Williams-Sonoma's results here and Arhaus's results here.

Investors in the home furnishing and improvement retail segment have had fairly steady hands going into earnings, with share prices down 1.5% on average over the last month. RH is down 4.2% during the same time and is heading into earnings with an average analyst price target of $331.9 (compared to the current share price of $278.6).

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