RH (RH) Q4 Earnings: What To Expect
Luxury furniture retailer RH (NYSE:RH) will be reporting earnings tomorrow after market close. Here's what investors should know.
Last quarter RH reported revenues of $751.2 million, down 13.6% year on year, missing analyst expectations by 0.9%. It was a weak quarter for the company, with a miss of analysts' earnings and revenue estimates.
Is RH buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting RH's revenue to grow 0.7% year on year to $777.8 million, improving on the 14.4% year-over-year decline in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.72 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
Looking at RH's peers in the home furniture retailer segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Sleep Number's revenues decreased 13.7% year on year, beating analyst estimates by 2.1% and Arhaus reported revenue decline of 3.5% year on year, exceeding estimates by 2.5%. Sleep Number traded up 9.5% on the results, Arhaus was flat on the results.
Read our full analysis of Sleep Number's results here and Arhaus's results here.
Investors in the home furniture retailer segment have had steady hands going into the earnings, with the stocks up on average 0.4% over the last month. RH is up 13.2% during the same time, and is heading into the earnings with analyst price target of $306, compared to share price of $287.6.
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