In its upcoming report, RH (RH) is predicted by Wall Street analysts to post quarterly earnings of $1.91 per share, reflecting an increase of 165.3% compared to the same period last year. Revenues are forecasted to be $827.27 million, representing a year-over-year increase of 12.1%.
Over the last 30 days, there has been a downward revision of 1.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific RH metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Number of locations - RH - Total Galleries' to come in at 69. The estimate compares to the year-ago value of 70.
The collective assessment of analysts points to an estimated 'Number of locations - Waterworks Showrooms' of 15. Compared to the current estimate, the company reported 14 in the same quarter of the previous year.
It is projected by analysts that the 'Total leased selling square footage - End of period' will reach 1,508.45 Ksq ft. The estimate is in contrast to the year-ago figure of 1,378 Ksq ft.
According to the collective judgment of analysts, 'Number of locations - RH - Design Galleries' should come in at 34. The estimate compares to the year-ago value of 31.
Analysts predict that the 'Number of locations - RH - Baby & Child and Teen Galleries' will reach 3. Compared to the present estimate, the company reported 3 in the same quarter last year.
The consensus estimate for 'Stores Count - End of period' stands at 88. Compared to the current estimate, the company reported 84 in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Number of locations - RH - Legacy Galleries' will likely reach 30. Compared to the current estimate, the company reported 35 in the same quarter of the previous year.
The average prediction of analysts places 'Number of locations - Outlets' at 39. The estimate is in contrast to the year-ago figure of 42.
View all Key Company Metrics for RH here>>>
Shares of RH have demonstrated returns of -25.8% over the past month compared to the Zacks S&P 500 composite's -2.8% change. With a Zacks Rank #3 (Hold), RH is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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RH (RH): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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