RH (RH) Tops Q2 EPS by $2.04, Raises Outlook
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September 9, 2021 6:22 AM EDT
Telsey analyst Cristina Fernandez raised the price target on Restoration Hardware (NYSE: RH) to $770.00 (from $725.00) while maintaining an Outperform rating following strong Q2 results.
The analyst commented, "As expected, RH reported a strong 2Q21 result with both sales and the operating margin... More
September 9, 2021 5:03 AM EDT
Shares of Restoration Hardware (NYSE: RH) are up 1.3% in pre-open Thursday after the home-furnishing company delivered another beat-and-raise quarter.
RH reported EPS of $8.48 to smash the analyst estimate of $6.44. Revenue for the quarter came in at $989 million, higher than the consensus estimate of $974.12 million.
We are pleased to report another quarter of record results with adjusted net revenues increasing 39% to $989 million versus $710 million a year ago, and up 40% compared to the second quarter of 2019. RH continues to set a new standard for financial performance in the home furnishings industry and our... More
September 8, 2021 5:07 PM EDT
RH (NYSE: RH) delivered strong second quarter results, with EPS coming in at $8.48, beating the Street estimate of $6.44. Quarterly revenue increased 39% to $989 million, better than the consensus estimate of $974.12 million.
The luxury home goods retailer raised its full 2021-year revenue growth estimates... More
