RH Q1 Adj EPS $(0.40) Misses $(0.12) Estimate, Sales $726.96M Beat $724.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
RH (NYSE:RH) reported a Q1 adjusted EPS of $(0.40), missing the $(0.12) estimate by 233.33%. Sales were $726.96M, slightly beating the $724.70M estimate. This represents a significant earnings decline from $2.21 per share last year and a 1.65% decrease in sales from $739.16M.
June 13, 2024 | 8:42 pm
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RH reported a Q1 adjusted EPS of $(0.40), missing the $(0.12) estimate by a wide margin. Sales were $726.96M, slightly beating the $724.70M estimate. This represents a significant earnings decline from $2.21 per share last year and a 1.65% decrease in sales from $739.16M.
The significant miss on EPS and the year-over-year decline in both earnings and sales are likely to negatively impact RH's stock price in the short term. Despite the slight beat on sales estimates, the overall financial performance indicates a downturn.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100