On June 25, RH rose 11.73% in regular trading, trading at $158.00/share, with turnover of $82.55 million. The rally was driven by continued positive sentiment following the company's first-quarter earnings beat and multiple analyst upgrades.
RH reported Q1 adjusted earnings per share loss of $1.97, better than the consensus estimate of a $2.11 loss, while revenue of $800.3 million exceeded expectations of $792.6 million. The company simultaneously raised its full-year sales guidance, prompting several analysts to lift their earnings forecasts and maintain positive ratings. Additionally, RH indicated that its backlog balance is expected to normalize by year-end, potentially unlocking approximately $75 million in incremental revenue.
Within the Homefurnishing Retail sector where RH belongs, broad-based strength was evident. Among individual stocks, Arhaus up 11.67%, Wayfair up 9.95%, Bob's Discount Furniture up 7.44%, Williams-Sonoma up 5.66%, Bed Bath & Beyond up 2.72%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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