RH Q2 EPS $3.93 Beats $2.56 Estimate, Sales $800.48M Beat $784.90M Estimate
Portfolio Pulse from Happy Mohamed
RH (NYSE:RH) reported Q2 earnings of $3.93 per share, beating the analyst consensus estimate of $2.56 by 53.52%. However, this is a 51.36% decrease from the same period last year. The company also reported quarterly sales of $800.00 million, beating the analyst consensus estimate of $784.90 million by 1.92%, but this is a 19.32% decrease from the same period last year.
September 07, 2023 | 8:06 pm
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RH beat Q2 earnings and sales estimates but reported significant decreases from the same period last year.
While RH beat the analyst consensus estimates for Q2 earnings and sales, the significant decreases from the same period last year could potentially offset any positive impact from beating estimates. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100