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RH Shares Explode Higher After Raised Guidance (RH)

RH – Raises Q3 adj. EPS guidance to $1.02-1.04 from $0.68-0.80.

RH (NYSE:RH) late Wednesday significantly boosted its third quarter and fourth quarter earnings estimates, sending its shares surging higher in aftermarket trading.

The Corte Madera, CA-based upscale home furnishings retailer now expects Q3 earnings per share (EPS) between $1.02 and $1.04. That’s way up from prior guidance of just $0.68 to $0.80, and well above the Wall Street consensus estimate of $0.79. RH also sees Q3 revenues of gaining 8% to approximately $592.5 million. Previously, it had expected $585 to $590 million in sales, versus analysts’ view of $588.37 million.

For the fourth quarter, RH forecast net income of $37 million to $41 million, up from a prior range of $33 million to $37 million, and revenues of $655 million to $680 million, up from $664 million to $689 million previously.

For the full year, RH sees net revenue in the range of $2.58 billion to $2.62 billion, in-line with Wall Street’s consensus view of $2.60 billion.

The company commented that “We remain confident in reaching our long term goal of $4 billion to $5 billion in North American revenues with industry leading operating margins and returns on invested capital.”

RH shares jumped more than 12% in after-hours trading Wednesday following the announcement. Year-to-date, RH has gained 171.34%, versus a 16.36% rise in the benchmark S&P 500 index during the same period.

RH currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #11 of 63 stocks in the Home Improvement & Goods category.

RH at a Glance

RH Current POWR Rating™
Overall POWR Rating™
RH Current Price $123.86 1.26%
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RH Price Reaction

The day of this event (Nov. 15, 2017)
RH Closing Price$83.30 6.08%
RH Volume2,172,300
5.28% from avg
Leading up to this event
RH 1-mo returnN/A%
After this event
RH 1-day return15.38%
RH 3-day return10.52%
RH 5-day return10.75%

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