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

Arhaus

09/05/2024 14:31

* Arhaus Inc  ARHS.OQ  reported quarterly adjusted earnings
of 11
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 25
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 2 cents per share. Wall Street expected
results to range from 1 cents to 3 cents per share.
    * Revenue fell 3.1% to $295.16 million from a year ago;
analysts
expected $264.30 million. 
    * Arhaus Inc's reported EPS for the quarter was 11 cents​.
    * The company reported quarterly net income of $15.1
million.
    * Arhaus Inc shares had fallen by 14.1% this quarter and
gained 15.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 86.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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
$17.00 
This summary was machine generated from LSEG data May 9 at 01:31
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
 Mar. 31 2024      0.02           0.11           Beat
 Dec. 31 2023      0.16           0.22           Beat
 Sep. 30 2023      0.12           0.14           Beat
 Jun. 30 2023      0.26           0.29           Beat