Telsey Advisory Group Estimates Q3 2024 Earnings for RH
December 9, 2023
🌥️Trending News
The Telsey Advisory Group recently estimated the Earnings Estimate for RH ($NYSE:RH) for the third quarter of 2024. RH is a company providing furniture, décor, textiles, and other home furnishings. Despite this decrease in estimate, there are still many analysts who are optimistic about RH’s future performance, given their strong presence in the industry.
Overall, RH has a solid financial position and is well-positioned to continue to grow and expand their market share over the next quarter. With their global presence and strong customer base, RH is expected to remain a leader in their industry and generate positive earnings results in the third quarter of 2024.
Earnings
According to their report, RH earned 988.86 million USD in total revenue and 226.75 million USD in net income in their FY2024 Q2 as of July 31 2021. This represented a 0.3% decrease in total revenue compared to the previous year, but an impressive 85.4% increase in net income. Over the past three years, RH’s total revenue has steadily decreased from 988.86 million USD to 800.48 million USD.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rh. More…
| Total Revenues | Net Income | Net Margin |
| 3.18k | 324.02 | 10.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rh. More…
| Operations | Investing | Financing |
| 459.53 | -222.31 | -1.9k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rh. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.21k | 4.5k | -15.47 |
Key Ratios Snapshot
Some of the financial key ratios for Rh are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.9% | 13.7% | 18.8% |
| FCF Margin | ROE | ROA |
| 8.4% | 135.0% | 8.9% |
Share Price
On Thursday, the RH stock opened at $280.7 and closed at $281.4, marking an increase of 0.5% from last closing price of $279.9. This is a positive development for the company’s shareholders, as they may benefit from the increased market value of their investment. Consequently, this may also give them more confidence in the future potential of RH’s stock. Live Quote…
Analysis
GoodWhale conducted an analysis of RH‘s wellbeing and found that, based on its Star Chart, RH has a high health score of 7/10. This score considers the company’s cash flows and debt and indicates that it is capable of paying off debt and funding future operations. RH is strong in profitability and medium in growth, but weak in asset and dividend performance. Based on its results, we classify RH as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. This type of company may be attractive to investors who are looking for a moderate level of stability combined with potential for modest growth. Those who are looking for more significant returns may want to look elsewhere. More…
Peers
Furnishing a home can be a daunting task, but with the help of a reliable home décor company, it can be a fun and exciting experience.
However, RH is not the only home décor company out there. Other popular home décor companies include Maisons du Monde (France), 1847 Goedeker Inc. (USA), and BHG Group AB (Sweden).
– Maisons du Monde France SA ($BER:ZMM)
As of 2022, Maisons du Monde France SA has a market cap of 484.17M and a Return on Equity of 9.35%. The company is a leading retailer of home furnishings and decoration in France.
– 1847 Goedeker Inc ($NYSEAM:GOED)
BHG Group AB, through its subsidiaries, provides services in the areas of healthcare, education, and social services in Sweden. The company offers healthcare services, such as medical care, nursing care, and home healthcare; educational services, including preschools, schools, and adult education; and social services comprising housing and residential care, employment and integration, and crime prevention. As of 2022, the company had a market cap of 2.87B and a ROE of 0.01%.
Summary
The report noted that the company is well-positioned to benefit from strong demand for consumer goods, as consumers continue to invest in their homes. Additionally, the company’s data-driven approach to inventory management, pricing and product selection should further support its performance in the quarters ahead. The report also pointed out that RH‘s ability to leverage its brand image in order to differentiate itself from other home furnishings retailers will be beneficial in helping to drive customer loyalty and market share. The report concluded that RH is well positioned to achieve strong returns in the near term and beyond.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
