$RH(RH.US)$climbed 17% Thursday after releasing earnings Wednesday evening, coming in below expectations. Stephen Guilfoyle, moomoo Contributor and TheStreet.com writer attributed the stark climb, despite low EPS, to a predicted reversal of the negative revenue growth the firm felt in the past year. RH revenue fell 15% in 2023, and in forward looking statements the firm projected a 12-14% growth rate in '24. The firm rep...
Morning Movers Gapping up $エスティ ローダー(EL.US)$Shares soared over 3% following an upgrade to buy from neutral by Bank of America, which referenced the company's profitability recovery efforts, new products, and growing market share in the prestige beauty sector. $オールステート(ALL.US)$The insurance stock climbed 0.9% after HSBC raised its rating to buy from hold, with analyst Vikram Gandhi commending the company's "decisive management...
Check out the stocks making headlines in extended trading: $RH(RH.US)$ — Shares of luxury home furnishings retailer RH jumped 7% after the company said it expects its demand trends to accelerate throughout fiscal year 2024, even as it foresees business conditions to "remain challenging" until interest rates ease and the housing market bounces back. RH missed earnings and revenue expectations for the fourth quarter, however, and guided...
RH's management is hopeful for demand trends to pick up in fiscal 2024 despite tough business conditions. The CEO is confident in the brand's potential for significant market share growth in 2024 and beyond, with plans for global expansion.
RH's expansion into international markets and efforts to take more market share in the U.S. home-furnishings market could boost earnings. Wells Fargo analyst Zachary Fadem believes RH's long-term story is among the most intriguing in the hardlines coverage universe.
RH provided the poorest full-year guidance among all. Williams-Sonoma had a satisfactory quarter with a notable beat of gross margin estimates but fell short of revenue estimates. Sleep Number had a disappointing quarter with uninspiring full-year earnings guidance and a miss on revenue estimates. Arhaus had a varied quarter with a remarkable beat on earnings estimates but a miss on gross margin estimates.
Deep Seaスレ主 : Bad news for the economy is positive for stocks.