RH (RH) shares plunged in extended trading Wednesday after the company issued a weaker-than-expected outlook and said it's facing “the worst housing market in 50 years.”
The 'Fast Money' traders react to RH stock falling more than 20% after earnings.
Shares of RH fell sharply after hours on Wednesday after the luxury furniture chain's full-year sales outlook came in shy of expectations, amid a forecast of what it characterized as a “higher-risk business environment this year” due to tariffs, seesawing markets and inflation.
RH RH will release its fourth-quarter financial results, after the closing bell, on Wednesday, April 2.
Seth Basham believes high-end furniture brand RH (RH) is undervalued. He notes risk in the company's "completely quiet" approach to some of its recent financials but still holds a price target suggesting significant upside.
RH RH, formerly Restoration Hardware, is scheduled to report fourth-quarter fiscal 2024 (ended Feb. 1) results on April 2, after market close. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
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 January 2025.
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.
RH (RH) concluded the recent trading session at $221.84, signifying a -1.54% move from its prior day's close.
RH (RH) concluded the recent trading session at $230.57, signifying a -1.22% move from its prior day's close.
RH (RH) reachead $289.48 at the closing of the latest trading day, reflecting a -0.92% change compared to its last close.
The heavy selling pressure might have exhausted for RH (RH) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.