RH (NYSE:RH) is set to announce second quarter earning results on Wednesday 9th September 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, RH to report 2Q20 income of $ 3.40 per share.
For the full year, analysts anticipate top line of $ 2608.11 million, while looking forward to income of $ 11.63 per share bottom line.
Previous Quarter Performance
RH communicated income for the first quarter of $ 1.27 per share, from the revenue of $ 482.89 million. Wall street analysts are predicting, RH to report 1Q20 income of $ 0.81 per share from revenue of $ 480.60 million. The bottom line results beat street analysts by $ 0.46 or 56.79 percent, at the same time, top line results outshined analysts by $ 2.29 million or 0.48 percent.
Stock Performance
Shares of RH traded low $ -4.79 or -1.51 percent on Tuesday, reaching $ 311.94 with volume of 769.80 thousand shares. RH has traded high as $ 327.02 and has cracked $ 310.30 on the downward trend
According to the previous trading day, closing price of $ 311.94, representing a 333.05 % increase from the 52 week low of $ 73.14 and a 8.32 % decrease over the 52 week high of $ 345.46.
The company has a market capital of $ 6.02 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Conference Call
RH will be hosting a conference call at 5:00 PM eastern time on 9th September 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.restorationhardware.com
RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.
