These Analysts Revise Their Forecasts On RH After Q2 Results
Portfolio Pulse from Lisa Levin
RH reported Q2 earnings of $3.93 per share, beating the analyst consensus estimate of $2.56. The company also reported quarterly sales of $800.48 million, beating the analyst consensus estimate of $784.90 million. However, these figures represent a decrease from last year's earnings and sales. Following the earnings announcement, Wells Fargo, UBS, and Citigroup revised their price targets on RH. RH shares fell 12% to trade at $324.44 on Friday.
September 08, 2023 | 3:00 pm
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RH beat Q2 earnings and sales estimates but reported a decrease from last year. Following the earnings announcement, Wells Fargo, UBS, and Citigroup revised their price targets on RH. RH shares fell 12% to trade at $324.44 on Friday.
RH reported better than expected Q2 earnings and sales, but these figures represent a decrease from last year's earnings and sales. This mixed result, along with revised price targets from Wells Fargo, UBS, and Citigroup, likely contributed to the 12% drop in RH shares.
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