Arhaus (ARHS) Set to Announce Quarterly Earnings on Thursday

Arhaus (NASDAQ:ARHS) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Arhaus to post earnings of $0.09 per share for the quarter. Arhaus has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The firm had revenue of $309.80 million for the quarter, compared to analysts’ expectations of $314.28 million. During the same period last year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts expect Arhaus to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Arhaus Stock Performance

Shares of ARHS opened at $8.98 on Wednesday. The business’s fifty day moving average price is $10.82 and its 200 day moving average price is $13.87. Arhaus has a 12-month low of $8.04 and a 12-month high of $19.81. The stock has a market capitalization of $1.26 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 9.92 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55.

Analysts Set New Price Targets

ARHS has been the topic of several research analyst reports. Barclays reduced their price objective on Arhaus from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Jefferies Financial Group restated a “hold” rating and set a $12.00 price objective on shares of Arhaus in a research note on Wednesday, October 9th. Stifel Nicolaus reduced their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday. Robert W. Baird dropped their target price on Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, Wedbush began coverage on Arhaus in a research report on Friday, October 11th. They issued a “neutral” rating and a $11.00 target price on the stock. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.90.

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.