Luxury furniture retailer RH (NYSE: RH) will be reporting results tomorrow after market hours. Here’s what to expect.
RH met analysts’ revenue expectations last quarter, reporting revenues of $811.7 million, up 8.1% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EBITDA estimates.
Is RH a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting RH’s revenue to grow 12.9% year on year to $833.7 million, a reversal from the 4.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.91 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. RH has missed Wall Street’s revenue estimates five times over the last two years.
Looking at RH’s peers in the home furniture retailer segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Williams-Sonoma delivered year-on-year revenue growth of 8%, beating analysts’ expectations by 4.5%, and Arhaus reported flat revenue, in line with consensus estimates. Williams-Sonoma traded down 4.4% following the results while Arhaus was also down 21.5%.
Read our full analysis of Williams-Sonoma’s results here and Arhaus’s results here.
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