RH (RH) Q1 2024 Earnings Call Transcript
RH (NYSE:RH ) Q1 2024 Earnings Conference Call June 13, 2024 5:00 PM ET Corporate Participants Allison Malkin - ICR, Investor Relations Gary Friedman - Chairman and Chief Executive Officer Jack Preston - Chief Financial Officer Conference Call Participants Steven Forbes - Guggenheim Securities Steven Zaccone - Citi Simeon Guttman - Morgan Stanley Max Rakhlenko - TD Cowen Curtis Nagle - Bank of America Michael Lasser - UBS Jonathan Matuszewski - Jefferies Seth Basham - Wedbush Securities Brian Nagel - Oppenheimer Operator Good day, everyone, and welcome to today's RH First Quarter Fiscal 2024 Earnings Q&A Call. At this time, all participants are in a listen-only mode.
Compared to Estimates, RH (RH) Q1 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for RH (RH) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
RH (RH) Reports Q1 Loss, Tops Revenue Estimates
RH (RH) came out with a quarterly loss of $0.40 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to earnings of $2.21 per share a year ago.
RH shares fall after furniture retailer reports bigger-than-expected loss
Shares of RH fell after hours Thursday after the upscale furniture chain forecast second-quarter sales that were below expectations.
Earnings Preview: What To Expect From Restoration Hardware
RH is scheduled to report earnings after Thursday's close. The stock just hit a record high of $744.56 in 2021 and is currently trading near $277.
RH Gears Up to Report Q1 Earnings: Here's What to Expect
RH's fiscal first-quarter results are likely to reflect high mortgage rates, a soft luxury housing market and clearance pressure.
Ahead of RH (RH) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for RH (RH), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended April 2024.
RH (RH) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, RH (RH) closed at $279.25, marking a -1.18% move from the previous day.
1 Growth Stock Down 66% to Buy Right Now
The housing market slowdown has hit the home furnishings retail sector hard. RH stock is down sharply, but expect the business to start to recover.
RH (RH) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
RH (RH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
