Restoration Hardware Stock: Should You Buy After Earnings Drop?
RH(RH) MarketBeat·2024-06-20 19:21
RH NYSE: RH, once known as Restoration Hardware, is a high-end home furnishing retailer. The firm's shares plummeted after it missed analysts' consensus estimates on first-quarter earnings last Thursday, June 13, 2024. It reported an earnings-per-share (EPS) of negative $0.40, compared to an estimate of negative $0.08. As a result, by the end of trading on Friday, the share price had fallen by nearly 20%. Despite these disappointing results, several analysts at Bank of America and Wells Fargo remain bullish ...