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

— 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.


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