These Analysts Cut Their Forecasts On RH After Q1 Results
Portfolio Pulse from Avi Kapoor
RH (NYSE:RH) reported mixed Q1 results with a larger-than-expected loss per share but slightly better-than-expected sales. Despite positive demand trends, analysts have cut their price targets for RH. The stock fell 3% following the report.
June 14, 2024 | 12:50 pm
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NEGATIVE IMPACT
RH reported a quarterly loss of 40 cents per share, missing the consensus estimate of a 12-cent loss. Sales were slightly above expectations at $726.96 million. Despite positive demand trends, analysts have cut their price targets, and the stock fell 3%.
The mixed earnings report, with a significant miss on EPS and a slight beat on sales, led to a negative market reaction. Analysts cutting their price targets further pressured the stock, resulting in a 3% decline.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100