Streetbeat News

https://www.rh.com

Industry

Specialty Retail

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com. As of January 29, 2022, it operated a total of 67 RH Galleries and 38 RH outlet stores in 30 states in the District of Columbia and Canada, as well as 14 Waterworks showrooms throughout the United States and the United Kingdom. The company was formerly known as Restoration Hardware Holdings, Inc. and changed its name to RH in January 2017. RH was incorporated in 2011 and is headquartered in Corte Madera, California.

Open

319.60

Mkt cap

5.8B

Volume

452K

High

320.00

P/E Ratio

151.05

52-wk high

367.00

Low

312.00

Div yield

N/A

52-wk low

212.43

RH reported Q4 earnings with revenue of $738.26 million and EPS of 72 cents, both missing estimates. The company cited severe weather and shipping delays as factors. Despite the miss, RH provided upbeat guidance for 2024, expecting demand growth of 12% to 14% and revenue growth of 8% to 10%. Shares fell initially but were up 3.16% after hours.

Portfolio Pulse from Adam Eckert

March 27, 2024 | 8:53 pm

RH shares are trading higher following the announcement of their Q4 financial results and the issuance of future guidance.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:21 pm

RH forecasts an 8-10% revenue growth for FY24 and anticipates Q1 revenues to experience a negative low-single digit growth. This outlook suggests a cautious but optimistic view for the full year, while acknowledging near-term challenges.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:11 pm

RH reported Q4 2024 adjusted EPS of $0.72, missing the $1.67 estimate, and sales of $738.260M, below the $777.480M estimate.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:07 pm

Wall Street saw mixed performance with tech giants slightly down, while blue chips and small caps gained. The S&P 500, Dow Jones, and Nasdaq showed varied movements. The Roundhill Magnificent Seven ETF and iShares Russell 2000 ETF experienced declines and gains respectively. Gold and the iShares 20+ Year Treasury Bond ETF rose, while Bitcoin fell. Sector-wise, utilities and real estate outperformed, whereas technology was flat. Key stock movements included nCino, GameStop, and others reacting to earnings or updates.

Portfolio Pulse from Piero Cingari

March 27, 2024 | 5:51 pm

US stocks are poised for a rebound to end the quarter strong, with the S&P 500 Index up over 9% this quarter. Analysts predict a robust April, citing historical trends and potential Fed cuts. Futures are up in premarket trading, with SPY and QQQ ETFs seeing gains. GameStop's stock plunged following its earnings report, while nCino surged. Robinhood announced a new credit card, and Merck's new treatment received FDA approval. Economic data and upcoming earnings reports are also in focus.

Portfolio Pulse from Shanthi Rexaline

March 27, 2024 | 11:13 am

Earnings reports for March 27, 2024, include a mix of projected losses and earnings across various sectors. Notable companies like Cintas and Lands' End are expected to report earnings, while others like Local Bounti and REE Automotive anticipate losses. The diversity of industries, from biotechnology to retail, highlights the varied financial health within the market.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 9:02 am

Carnival, GameStop, RH, nCino, and Cintas are stocks to watch, with Carnival and Cintas expected to report earnings, GameStop posting weak Q4 results, RH anticipated to release earnings, and nCino reporting strong Q4 results and positive FY25 guidance.

Portfolio Pulse from Avi Kapoor

March 27, 2024 | 8:03 am

U.S. stocks closed lower for a third consecutive session, with the S&P 500 down 0.28%. Despite this, major indices are set for a winning month. Seagate Technology (STX) shares surged over 7% after an upgrade by Morgan Stanley, while Tesla (TSLA) shares increased by 3% amid news of Italy's interest in electric truck production. The CNN Money Fear and Greed index indicates a slight decline in market sentiment but remains in the 'Greed' zone. Investors are looking forward to earnings from Cintas (CTAS), RH, and Carnival (CCL).

Portfolio Pulse from Avi Kapoor

March 27, 2024 | 8:00 am

Westport Fuel Systems Inc. (NASDAQ:WPRT) shares fell by approximately 10% after reporting a Q4 loss wider than expected. Other stocks experienced significant movements, with notable gainers including Stoke Therapeutics, Inc. (NASDAQ:STOK) and losers like Quhuo Limited (NASDAQ:QH). The movements were attributed to various factors including financial results, clinical trial data, and strategic agreements.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 5:45 pm

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