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

Arhaus (NASDAQ:ARHS) released its earnings results on Thursday. The company reported $0.07 EPS for the quarter, missing the consensus estimate 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 business had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. During the same period in the prior year, the business posted $0.14 EPS. Arhaus’s revenue for the quarter 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 Price Performance

ARHS opened at $9.68 on Friday. The company’s 50-day simple moving average is $10.65 and its two-hundred day simple moving average is $13.78. Arhaus has a 52-week low of $8.04 and a 52-week high of $19.81. The stock has a market capitalization of $1.36 billion, a P/E ratio of 15.37, a P/E/G ratio of 9.98 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 1.25.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Barclays decreased their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday. Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and reduced their target price for the company from $15.00 to $11.00 in a research note on Thursday. Craig Hallum cut shares of Arhaus from a “buy” rating to a “hold” rating and cut their price target for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Robert W. Baird decreased their price objective on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Finally, Stifel Nicolaus cut their target price on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $12.80.

About Arhaus

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.