Financial News
Arhaus (ARHS) Q3 Earnings Report Preview: What To Look For
Luxury furniture retailer Arhaus (NASDAQ:ARHS) will be reporting earnings tomorrow morning. Here’s what to expect.
Arhaus missed analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $309.8 million, flat year on year. It was a slower quarter for the company, with revenue guidance for next quarter missing analysts’ expectations.
Is Arhaus a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Arhaus’s revenue to be flat year on year at $328.9 million, slowing from the 1.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.08 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Arhaus has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Arhaus’s peers in the home furnishing and improvement retail segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Sleep Number’s revenues decreased 9.7% year on year, missing analysts’ expectations by 4.3%, and Floor And Decor reported flat revenue, falling short of estimates by 1.7%. Sleep Number traded up 3.5% following the results while Floor And Decor was also up 2%.
Read our full analysis of Sleep Number’s results here and Floor And Decor’s results here.
Investors in the home furnishing and improvement retail segment have had steady hands going into earnings, with share prices flat over the last month. Arhaus is down 15.2% during the same time and is heading into earnings with an average analyst price target of $13.04 (compared to the current share price of $9.01).
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