RH Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
RH (NYSE:RH) is expected to report lower Q3 earnings with analysts predicting a significant drop to 97 cents per share from $5.67 per share a year ago. Revenue is anticipated to be $756.74 million. Despite better-than-expected Q2 earnings, analysts have revised their price targets downward ahead of the earnings call. Telsey Advisory Group, Wells Fargo, Wedbush, Morgan Stanley, and UBS analysts have all maintained their ratings but lowered their price targets for RH.
December 07, 2023 | 3:18 pm
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RH is anticipated to report a significant decrease in Q3 earnings per share from $5.67 to 97 cents, with expected revenue of $756.74 million. Analysts have maintained ratings but lowered price targets, indicating a cautious outlook.
The anticipated drop in earnings per share and the downward revision of price targets by multiple analysts suggest a bearish outlook for RH in the short term. This could lead to negative investor sentiment and a potential decrease in stock price following the earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100