Rh Common Stock Up 17.68% To $349.51 After Earnings Miss

Rh Common Stock (RH) said after close Wednesday that it earned $0.72 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $738.3 million, missing estimates by $39.2 million.

In the same quarter a year ago, the company earned $2.88 per share on revenue of $772.5 million.

The stock is up 17.68% to $349.51 after the report.

Rh Common Stock's profit margins took a hit as earnings fell at a faster pace than revenues.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Rh Common Stock has performed a little below average during the past few months. Before the report, Rh Common Stock received a Long-Term Technical Rank by InvestorsObserver of 48, putting it in the bottom half of stocks. The firm set a 52-week low on November 1, 2023 at $207.26 and set a 52-week high on August 3, 2023 at $406.38.

RH is a luxury retailer operating in the $118 billion domestic furniture and home furnishing industry. The firm offers merchandise across many categories including furniture, lighting, textiles, bath, decor, children, and is growing the presence of its hospitality business (with 14 restaurant locations). RH innovates, curates, and integrates products, categories, services, and businesses across channels and brand extensions (RH Teen, RH Modern, and Waterworks, for example). RH is fully integrated across store, Web, and catalog channels, and is positioned to broaden its total addressable market over the next decade with its World of RH digital platform (highlighting offerings outside of home furnishings), along with future offerings in contemporary, antique, bespoke furniture, and more.