Arhaus (ARHS) Q4 Earnings Report Preview: What To Look For
Stock Story
Published Mar 06, 2024 02:02
Updated Mar 06, 2024 08:17
Arhaus (ARHS) Q4 Earnings Report Preview: What To Look For
Stock Story -
Luxury furniture retailer Arhaus (NASDAQ:ARHS) will be reporting results tomorrow before the bell. Here's what investors should know.
Last quarter Arhaus reported revenues of $326.2 million, up 1.9% year on year, beating analyst revenue expectations by 2.6%. It was a very strong quarter for the company, with an impressive beat of analysts' earnings estimates.
Is Arhaus buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Arhaus's revenue to decline 5.8% year on year to $335.5 million, a deceleration on the 49.6% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.16 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.
Looking at Arhaus's peers in the home furnishing and improvement retail segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Sleep Number (NASDAQ:SNBR)'s revenues decreased 13.7% year on year, beating analyst estimates by 2.1% and Home Depot (NYSE:HD) reported revenue decline of 2.9% year on year, exceeding estimates by 0.3%. Sleep Number traded up 9.5% on the results, and Home Depot was down 1.2%.
Read the full analysis of Sleep Number's and Home Depot's results on StockStory.
There has been positive sentiment among investors in the home furnishing and improvement retail segment, with the stocks up on average 8% over the last month. Arhaus is up 10.9% during the same time, and is heading into the earnings with analyst price target of $13.9, compared to share price of $12.9.
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Written By: Stock Story
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