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Restoration Hardware (RH) Slides 15% on Mixed Q3 Results, Lowered Outlook
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Restoration Hardware Holdings Inc. (RH - Free Report) just released its third quarter fiscal 2016 financial results after the bell, posting earnings of 19 cents per share and revenues of $549 million. RH is a #5 (Strong Sell) on the Zacks Rank, and is down 15% to $33.14 per share in after-hours trading.
Beat earnings estimates. The company reported earnings of 19 cents per share, surpassing the Zacks Consensus Estimate of 16 cents per share. This number excludes 13 cents from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $549 million, beating our consensus estimate of $533 million and gaining 3% year-over-year.
Comparable brand revenues, including direct revenues, declined 6% in the quarter, compared to 7% growth in the prior-year period. Stores revenues increased 9% to $306.8 million
Looking ahead, Restoration Hardware is lowering its outlook for Q4. The company blames weak November business, which they “largely attribute to consumer softness related to the US election and our Fall 2016 Source Books getting in homes later than planned.”
Revenues are now expected to be in the range of $562 million to $592 million, with adjusted diluted EPS in the range of 60 cents to 70 cents per share.
Here’s a graph that looks at Restoration Hardware’s price, consensus, and EPS surprise:
Restoration Hardware is a luxury brand in the home furnishings marketplace, offering product assortments across a number of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, as well as baby and child products. The Company's business is integrated across its multiple channels of distribution, consists of its stores, catalogs and Websites. Restoration Hardware is based in Corte Madera, California.
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Restoration Hardware (RH) Slides 15% on Mixed Q3 Results, Lowered Outlook
Restoration Hardware Holdings Inc. (RH - Free Report) just released its third quarter fiscal 2016 financial results after the bell, posting earnings of 19 cents per share and revenues of $549 million. RH is a #5 (Strong Sell) on the Zacks Rank, and is down 15% to $33.14 per share in after-hours trading.
Beat earnings estimates. The company reported earnings of 19 cents per share, surpassing the Zacks Consensus Estimate of 16 cents per share. This number excludes 13 cents from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $549 million, beating our consensus estimate of $533 million and gaining 3% year-over-year.
Comparable brand revenues, including direct revenues, declined 6% in the quarter, compared to 7% growth in the prior-year period. Stores revenues increased 9% to $306.8 million
Looking ahead, Restoration Hardware is lowering its outlook for Q4. The company blames weak November business, which they “largely attribute to consumer softness related to the US election and our Fall 2016 Source Books getting in homes later than planned.”
Revenues are now expected to be in the range of $562 million to $592 million, with adjusted diluted EPS in the range of 60 cents to 70 cents per share.
Here’s a graph that looks at Restoration Hardware’s price, consensus, and EPS surprise:
RESTORATION HDW Price, Consensus and EPS Surprise
RESTORATION HDW Price, Consensus and EPS Surprise | RESTORATION HDW Quote
Restoration Hardware is a luxury brand in the home furnishings marketplace, offering product assortments across a number of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, as well as baby and child products. The Company's business is integrated across its multiple channels of distribution, consists of its stores, catalogs and Websites. Restoration Hardware is based in Corte Madera, California.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>