Snow Doesn’t Dampen Restoration Hardware Earnings

Restoration Hardware, $RH, holders were anything but distressed Friday. The company, known for its high-end, distress-painted, antiqued furniture, gave guidance yesterday that edged past expectations. And it wowed investors bracing for another snow-rained-on-the-parade retail report.

$RH great company, great breakout potential. IN here

— S Gupta (@sciuridae) Mar. 28 at 12:35 PM

RH’s earnings news sparked more upgrades Friday than a new McMansion. Piper Jaffray boosted its price target today from $65 to $72. Wells Fargo analysts reiterated a buy rating with a price target of $82 to $85. Shares climbed nearly 12% by 1:30p.m.

The company expects Q1 EPS of $0.09 to $0.11 on $345 million to $350 million in revenues. That beat consensus EPS estimates of $0.07 on roughly $350 million in sales. Restoration Hardware expects EPS for the full year of between $2.14 and $2.22 on $1.82 billion to $1.86 billion in revenues.

$RH stock is rising in extended trading as the company posted double-digit growth in its latest reported quarter http://stks.co/h0RWU

— Bidness Etc (@BidnessEtc) Mar. 28 at 10:21 AM

As for actual earnings, results were mixed. Though EPS of $0.83 met Wall Street consensus estimates, revenues fell short, according to stats on the Analyst Ratings Network. The company reported $471.69 million in sales, less than the $493.09 million analysts expected.

Still, sentiment on the stock was clearly bullish. About 59% of cashtaggers called for the stock to rise, according to StockTwits’ sentiment analytics.


Tickers:

blog comments powered by Disqus
StockTwits Blog
  • StockTwits® is an open, community-powered idea and information service for investments. Users can eavesdrop on traders and investors, or contribute to the conversation and build their reputation as savvy market wizards. The service takes financial related data and structures it by stock, user, reputation, etc. More »

  • Search by Date

  • Join StockTwits