What is Wedbush's Estimate for Arhaus FY2024 Earnings?

Arhaus, Inc. (NASDAQ:ARHS - Free Report) - Research analysts at Wedbush upped their FY2024 EPS estimates for shares of Arhaus in a note issued to investors on Friday, January 10th. Wedbush analyst S. Basham now anticipates that the company will post earnings of $0.44 per share for the year, up from their prior forecast of $0.40. Wedbush has a "Neutral" rating and a $10.00 price objective on the stock. The consensus estimate for Arhaus' current full-year earnings is $0.42 per share. Wedbush also issued estimates for Arhaus' Q4 2024 earnings at $0.11 EPS, FY2025 earnings at $0.58 EPS and FY2026 earnings at $0.75 EPS.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $319.13 million during the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The company's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share.

ARHS has been the subject of a number of other research reports. Barclays dropped their price target on Arhaus from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Friday, November 8th. Telsey Advisory Group reissued an "outperform" rating and issued a $11.00 target price on shares of Arhaus in a report on Friday. Stifel Nicolaus upped their price target on shares of Arhaus from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Monday. Jefferies Financial Group lifted their price objective on shares of Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a research note on Friday. Finally, Craig Hallum downgraded shares of Arhaus from a "buy" rating to a "hold" rating and lowered their price objective for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.20.

Arhaus Price Performance

NASDAQ ARHS traded down $0.02 during midday trading on Monday, hitting $10.86. The company had a trading volume of 2,622,050 shares, compared to its average volume of 2,001,279. The firm has a 50-day moving average price of $9.84 and a 200-day moving average price of $11.62. The company has a market capitalization of $1.53 billion, a PE ratio of 19.39, a P/E/G ratio of 14.78 and a beta of 2.58. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. Arhaus has a twelve month low of $8.30 and a twelve month high of $19.81.

Institutional Investors Weigh In On Arhaus

Hedge funds have recently modified their holdings of the company. Harbor Capital Advisors Inc. raised its position in Arhaus by 41.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 537,296 shares of the company's stock valued at $5,051,000 after purchasing an additional 157,515 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Arhaus by 1,808.2% in the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company's stock valued at $24,155,000 after buying an additional 1,859,398 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Arhaus in the third quarter valued at approximately $814,000. Geode Capital Management LLC raised its holdings in Arhaus by 12.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company's stock valued at $14,874,000 after buying an additional 134,312 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Arhaus during the 3rd quarter worth approximately $236,000. Institutional investors and hedge funds own 27.88% of the company's stock.

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.