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

Arhaus

02/11/2023 13:32

* Arhaus Inc  ARHS.OQ  reported quarterly adjusted earnings
of 14
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 27
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 12 cents per share. Wall Street expected
results to range from 8 cents to 17 cents per share.
    * Revenue rose 1.9% to $326.23 million from a year ago;
analysts
expected $317.91 million. 
    * Arhaus Inc's reported EPS for the quarter was 14 cents​.
    * The company reported quarterly net income of $19.74
million.
    * Arhaus Inc shares had fallen by 11.9% this quarter and
lost 16.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$15.00 
This summary was machine generated from LSEG data November 2 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.12           0.14           Beat
 Jun. 30 2023      0.26           0.29           Beat
 Mar. 31 2023      0.20           0.25           Beat
 Dec. 31 2022      0.20           0.34           Beat