RH Q2 Adj $1.69 Beats $1.56 Estimate, Sales $829.65M Beat $824.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
RH reported Q2 earnings of $1.69 per share, surpassing the $1.56 estimate, but down 57% from last year. Sales were $829.65M, beating the $824.52M estimate and up 3.64% from last year.
September 12, 2024 | 8:06 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
RH's Q2 earnings per share of $1.69 exceeded expectations but were significantly lower than last year's $3.93. Sales also beat estimates, showing a modest increase from the previous year.
While RH's earnings and sales beat analyst estimates, the significant year-over-year decline in EPS may concern investors. The modest sales growth could be seen as a positive, but the overall impact on stock price is likely neutral due to mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100