Will Higher Promotional Activity Bolster RH's Q4 Earnings?
Zacks Investment Research | Mar 23, 2020 12:42AM ET
RH (NYSE:RH) is expected to have registered higher year-over-year earnings and revenues when it reports fourth-quarter fiscal 2019 results. The results are likely to be backed by core RH business and continued expansion of RH Hospitality.
In the last reported quarter, this leading luxury home furnishing retailer’s earnings surpassed the Zacks Consensus Estimate by 25.7%. Markedly, the company beat earnings expectations in each of the last four quarters, with the average being 17.6%. Moreover, it topped revenue expectation by 0.2% in the fiscal third quarter. Notably, the company’s revenues beat analysts’ expectations in three of the trailing four quarters.
In the fiscal third quarter, its adjusted earnings and revenues (including recall accrual) grew 74% and 6%, respectively, from the year-ago level.
Trend in Estimate Revision
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has been unchanged at $3.58 over the past 30 days. The estimated figure indicates an increase of 19.3% from $3.00 per share reported in the year-ago quarter. The consensus mark for revenues is pegged at $709.2 million, suggesting a 5.6% improvement from the year-ago reported figure of $671.8 million.
RH Price and EPS Surprise
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