Arhaus (NASDAQ:ARHS) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Arhaus (NASDAQ:ARHS) posted its earnings results on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01), Briefing.com reports. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The firm had revenue of $319.13 million during the quarter, compared to the consensus estimate of $328.94 million. During the same quarter last year, the firm posted $0.14 EPS. The business’s revenue was down 2.2% on a year-over-year basis. Arhaus updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Arhaus Trading Up 1.6 %

Shares of NASDAQ:ARHS traded up $0.16 during mid-day trading on Friday, reaching $9.86. The stock had a trading volume of 833,504 shares, compared to its average volume of 1,290,386. The firm has a 50 day simple moving average of $10.70 and a two-hundred day simple moving average of $13.81. Arhaus has a twelve month low of $8.04 and a twelve month high of $19.81. The firm has a market cap of $1.39 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 9.98 and a beta of 2.58. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.17.

Analysts Set New Price Targets

Several analysts have recently commented on ARHS shares. Craig Hallum cut Arhaus from a “buy” rating to a “hold” rating and decreased their target price for the stock from $14.00 to $10.00 in a report on Tuesday, October 15th. Barclays lowered their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday. Robert W. Baird reduced their target price on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. TD Cowen dropped their price objective on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Stifel Nicolaus decreased their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Arhaus presently has an average rating of “Moderate Buy” and a consensus price target of $12.80.

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.