Arhaus (NASDAQ:ARHS) Issues Earnings Results, Misses Estimates By $0.01 EPS

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

Arhaus Price Performance

ARHS stock traded up $0.20 during midday trading on Friday, reaching $9.90. The company had a trading volume of 810,564 shares, compared to its average volume of 1,290,280. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 9.98 and a beta of 2.58. The stock has a 50 day moving average price of $10.70 and a 200-day moving average price of $13.81. Arhaus has a 1-year low of $8.04 and a 1-year high of $19.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55.

Wall Street Analyst Weigh In

ARHS has been the topic of a number of recent analyst reports. Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $15.00 to $11.00 in a report on Thursday. Craig Hallum downgraded shares of Arhaus from a “buy” rating to a “hold” rating and lowered their target price for the stock from $14.00 to $10.00 in a report on Tuesday, October 15th. Robert W. Baird lowered their target price on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Telsey Advisory Group cut shares of Arhaus from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $12.00 to $11.00 in a research report on Friday. Finally, Wedbush reduced their price objective on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Arhaus currently has an average rating of “Moderate Buy” and a consensus target price 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.