RH Q1 EPS $2.21 Beats $2.09 Estimate, Sales $739.16M Beat $726.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
RH reported Q1 earnings of $2.21 per share, beating the analyst consensus estimate of $2.09 by 5.74%. Quarterly sales were $739.16M, surpassing the estimate of $726.57M by 1.73%. However, this represents a 71.59% decrease in earnings and a 22.79% decrease in sales compared to the same period last year.
May 25, 2023 | 8:06 pm
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NEUTRAL IMPACT
RH's Q1 earnings and sales beat estimates, but both earnings and sales have significantly decreased compared to last year.
RH beat analyst estimates for Q1 earnings and sales, which could have a positive impact on the stock price. However, the significant decrease in earnings and sales compared to the same period last year may offset any potential gains, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100