Restoration Hardware (RH) closed the most recent trading day at $661.64, moving -0.91% from the previous trading session. This move lagged the S&P 500’s daily loss of 0.75%.
Heading into today, shares of the furniture and housewares company had gained 1.7% over the past month, outpacing the Retail-Wholesale sector’s gain of 1.15% and lagging the S&P 500’s gain of 2.74% in that time.
Investors will be hoping for strength from RH as it approaches its next earnings release. On that day, RH is projected to report earnings of $6.37 per share, which would represent year-over-year growth of 30%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $972.26 million, up 37% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $22.36 per share and revenue of $3.68 billion, which would represent changes of +25.41% and +29.23%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for RH. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
