Arhaus (ARHS) Scheduled to Post Earnings on Thursday

Arhaus (NASDAQ:ARHS - Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Arhaus to post earnings of $0.09 per share for the quarter. Arhaus has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. The firm had revenue of $309.80 million for the quarter, compared to analysts' expectations of $314.28 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The business's revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, analysts expect Arhaus to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Arhaus Stock Up 0.4 %

Shares of Arhaus stock traded up $0.03 on Friday, reaching $8.51. The company's stock had a trading volume of 544,368 shares, compared to its average volume of 1,262,275. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 9.95 and a beta of 2.51. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17. Arhaus has a 52 week low of $7.56 and a 52 week high of $19.81. The firm's fifty day simple moving average is $11.05 and its two-hundred day simple moving average is $13.99.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ARHS. Wedbush assumed coverage on shares of Arhaus in a research note on Friday, October 11th. They set a "neutral" rating and a $11.00 target price for the company. Robert W. Baird reduced their target price on shares of Arhaus from $18.00 to $14.00 and set an "outperform" rating for the company in a report on Friday, August 9th. TD Cowen cut their price objective on shares of Arhaus from $19.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $12.00 target price on shares of Arhaus in a report on Wednesday, October 9th. Finally, Bank of America cut their price target on Arhaus from $18.00 to $15.00 and set a "buy" rating for the company in a report on Friday, October 11th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $13.73.

Arhaus Company Profile

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.