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

Arhaus

07/03/2024 14:32

* Arhaus Inc  ARHS.OQ  reported quarterly adjusted earnings
of 22
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 34
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 16 cents per share. Wall Street expected
results to range from 15 cents to 19 cents per share.
    * Revenue fell 3.5% to $344.01 million from a year ago;
analysts
expected $334.53 million. 
    * Arhaus Inc's reported EPS for the quarter was 22 cents​.
    * The company reported quarterly net income of $31.22
million.
    * Arhaus Inc shares had risen by 8.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"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 March 7 at
02:31 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.16           0.22           Beat
 Sep. 30 2023      0.12           0.14           Beat
 Jun. 30 2023      0.26           0.29           Beat
 Mar. 31 2023      0.20           0.25           Beat