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

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

Arhaus Stock Performance

NASDAQ ARHS opened at $9.68 on Friday. The firm’s fifty day moving average price is $10.65 and its two-hundred day moving average price is $13.77. Arhaus has a 1 year low of $8.04 and a 1 year high of $19.81. The firm has a market capitalization of $1.36 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 10.79 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

ARHS has been the topic of a number of research analyst reports. TD Cowen dropped their price objective on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Bank of America downgraded Arhaus from a “buy” rating to a “neutral” rating and dropped their price target for the company from $15.00 to $11.00 in a research note on Thursday. Stifel Nicolaus reduced their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Craig Hallum downgraded Arhaus from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $14.00 to $10.00 in a report on Tuesday, October 15th. Finally, Barclays cut their target price on Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.