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

Arhaus

07/11/2024 14:34

* 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.08           0.07           Missed
 Jun. 30 2024      0.12           0.16           Beat
 Mar. 31 2024      0.02           0.11           Beat
 Dec. 31 2023      0.16           0.22           Beat