RH Reports Second Quarter 2022 Results
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Restoration Hardware (RH) PT Lowered to $375 at Jefferies
September 9, 2022 8:00 AM EDTJefferies analyst Jonathan Matuszewski lowered the price target on Restoration Hardware (NYSE: RH) to $375.00 (from $400.00) while maintaining a Buy rating following earnings.
The analyst commented, "We weren't anticipating a third cut to annual guidance, but after-hours trading appears to appropriately recognize postponed... More
RH (RH) Tops Q2 EPS by $1.45
September 8, 2022 4:06 PM EDTRH (NYSE: RH) reported Q2 EPS of $8.08, $1.45 better than the analyst estimate of $6.63. Revenue for the quarter came in at $992 million versus the consensus estimate of $968.91 million.
GUIDANCE:
As noted in our updated Outlook provided on June 29, 2022, our expectation is for continued softening in our business trends during the remainder of fiscal 2022 as a result of ongoing weakness in the housing market over the next... More
