RH Q3 Adjusted EPS $(0.42) Misses $0.97 Estimate, Sales $751.23M Miss $756.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
RH reported a Q3 adjusted EPS of $(0.42), significantly missing the estimated $0.97, representing a 143.3% miss and a 107.41% decrease from the same period last year. Sales were $751.23M, also missing estimates of $756.74M by 0.73% and showing a 13.56% decrease from the previous year.
December 07, 2023 | 9:15 pm
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NEGATIVE IMPACT
RH's Q3 earnings and sales both missed analyst estimates, with a significant EPS miss and a slight sales miss, alongside notable year-over-year declines.
RH's earnings miss is substantial, and such negative earnings reports typically lead to a decrease in stock price in the short term. The sales miss, although smaller, compounds the negative outlook, especially when combined with the significant year-over-year decline.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100