RH (RH) shares jumped premarket after the luxury home furnishings retailer boosted its full-year outlook and swung to a profit in the third quarter.
RH (NYSE:RH ) Q3 2024 Earnings Call Transcript December 12, 2024 5:00 PM ET Company Participants Allison Malkin - IR, ICR Gary Friedman - Chairman and CEO Jack Preston - CFO Conference Call Participants Michael Lasser - UBS Christopher Horvers - JPMorgan Steven Zaccone - Citi Steven Forbes - Guggenheim Max Rakhlenko - TD Cowen Curt Nagle - Bank of America Seth Basham - Wedbush Securities Andrew Carter - Stifel Brian Nagel - Oppenheimer Jonathan Matuszewski - Jefferies Zach Fadem - Wells Fargo Operator Hello, and welcome to the RH Third Quarter Fiscal 2024 Earnings Call. All lines have been placed on mute to prevent any background noise.
The headline numbers for RH (RH) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
RH (RH) came out with quarterly earnings of $2.48 per share, missing the Zacks Consensus Estimate of $2.67 per share. This compares to loss of $0.42 per share a year ago.
RH said that demand for its pricey home furnishings continues unabated despite “the worst housing market in 30 years” and teased a new product line for next year.
RH stock rallied late Thursday after the home furnishings retailer guided double-digit revenue, demand growth for Q4. The post RH Guides To 20% Revenue Spike, Shares Soar As Demand Accelerates appeared first on Investor's Business Daily.
Evaluate the expected performance of RH (RH) for the quarter ended October 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
RH (RH, formerly Restoration Hardware) is scheduled to report third-quarter fiscal 2024 (ended Nov. 2) results on Dec. 12, after market close. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
RH (RH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
RH (RH) concluded the recent trading session at $385.64, signifying a -0.9% move from its prior day's close.
RH (RH) closed at $333.13 in the latest trading session, marking a -0.01% move from the prior day.
RH stock soared in September, but the best is yet to come.