Arhaus Expects Q1 2024 Net Revenue Of $260M-$270M Vs. $292.89M Consensus; Sees Net Income Of 1M-$3M And Adjusted EBITDA Of $11M-$15M
Portfolio Pulse from Benzinga Newsdesk
Arhaus projects its Q1 2024 net revenue to be between $260M-$270M, which is below the consensus estimate of $292.89M. The company also anticipates a net income of $1M-$3M and an adjusted EBITDA of $11M-$15M for the same period.
March 07, 2024 | 11:41 am
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Arhaus is expected to report lower than anticipated revenues for Q1 2024, with projected figures between $260M-$270M against a consensus of $292.89M. The company also estimates its net income to be between $1M-$3M and adjusted EBITDA to range from $11M-$15M.
The projected revenue for Arhaus in Q1 2024 is significantly below the consensus estimate, which could lead to negative investor sentiment and potentially impact the stock price negatively in the short term. The expected net income and adjusted EBITDA, while providing some insight into profitability and operational efficiency, may not be sufficient to offset the concerns over missed revenue targets.
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