Earnings Preview: RH
Portfolio Pulse from Benzinga Insights
RH (NYSE:RH) is scheduled to release its quarterly earnings report on March 27, 2024, with analysts expecting an EPS of $1.67. The company's past earnings performance shows a mix of misses and beats, with the last quarter missing EPS estimates by $1.37, leading to a 14% drop in share price. Shares of RH have increased by 12.16% over the last 52 weeks, trading at $287.28 as of March 25. Investors are advised to pay attention to the company's guidance for future growth, as it can significantly impact stock price.
March 26, 2024 | 3:01 pm
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RH is expected to report an EPS of $1.67 for the upcoming quarter. Historical performance shows significant stock price movements post-earnings announcements, with a notable 14% drop after last quarter's miss.
Given RH's history of stock price volatility post-earnings, the upcoming report could sway the stock in either direction, depending on whether it meets, misses, or exceeds expectations. The emphasis on guidance for future growth adds another layer of potential impact, as positive or negative forecasts can significantly influence investor sentiment and stock price movements in the short term.
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IMPORTANCE 90
RELEVANCE 100