Arhaus Inc reports results for the quarter ended in September 30 - Earnings Summary

• Arhaus Inc ARHS.OQ reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 14 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from 6 cents to 10 cents per share.

• Revenue fell 2.2% to $319.13 million from a year ago; analysts expected $329.23 million.

• Arhaus Inc's reported EPS for the quarter was 7 cents​.

• The company reported quarterly net income of $9.92 million.

• Arhaus Inc shares had fallen by 25.9% this quarter and lost 20.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 35.8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the home furnishings retailers peer group is also "buy"

Wall Street's median 12-month price target for Arhaus Inc is $14.00

This summary was machine generated from LSEG data November 7 at 02:33 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)