Arhaus (NASDAQ:ARHS) Releases Earnings Results, Misses Expectations By $0.01 EPS

Arhaus (NASDAQ:ARHS - Get Free Report) issued its earnings results on Thursday. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01), Briefing.com reports. The company had revenue of $319.13 million for the quarter, compared to analysts' expectations of $328.94 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The company's revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 earnings per share. Arhaus updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Arhaus Stock Down 0.2 %

Shares of NASDAQ:ARHS traded down $0.02 during trading on Friday, hitting $9.68. The stock had a trading volume of 1,630,587 shares, compared to its average volume of 1,294,059. The company has a market capitalization of $1.36 billion, a PE ratio of 15.37, a PEG ratio of 9.98 and a beta of 2.58. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17. The firm's fifty day moving average is $10.65 and its 200 day moving average is $13.78. Arhaus has a 12 month low of $8.04 and a 12 month high of $19.81.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Craig Hallum cut shares of Arhaus from a "buy" rating to a "hold" rating and cut their target price for the stock from $14.00 to $10.00 in a report on Tuesday, October 15th. Stifel Nicolaus cut their price target on shares of Arhaus from $16.00 to $13.00 and set a "buy" rating on the stock in a report on Monday. Jefferies Financial Group reaffirmed a "hold" rating and set a $12.00 price objective on shares of Arhaus in a research note on Wednesday, October 9th. Wedbush cut their target price on Arhaus from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Friday. Finally, Telsey Advisory Group lowered Arhaus from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $12.00 to $11.00 in a research report on Friday. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.80.

About Arhaus

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.