Arhaus, Inc. (NASDAQ:ARHS) Forecasted to Post Q3 2022 Earnings of $0.19 Per Share

Arhaus, Inc. (NASDAQ:ARHSGet Rating) – Investment analysts at Telsey Advisory Group lifted their Q3 2022 earnings estimates for shares of Arhaus in a report issued on Thursday, May 12th. Telsey Advisory Group analyst C. Fernandez now expects that the company will post earnings per share of $0.19 for the quarter, up from their prior forecast of $0.18. Telsey Advisory Group has a “Outperform” rating and a $12.00 price objective on the stock. Telsey Advisory Group also issued estimates for Arhaus’ FY2022 earnings at $0.63 EPS and FY2023 earnings at $0.77 EPS.

Arhaus (NASDAQ:ARHSGet Rating) last posted its earnings results on Wednesday, May 11th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $246.30 million during the quarter, compared to the consensus estimate of $234.98 million.

Several other research analysts also recently issued reports on ARHS. Guggenheim lowered their price objective on Arhaus from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, April 5th. Zacks Investment Research downgraded Arhaus from a “hold” rating to a “sell” rating in a research note on Monday, March 28th. Finally, Robert W. Baird lowered their price objective on Arhaus from $14.00 to $12.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Arhaus has an average rating of “Buy” and an average target price of $13.47.

ARHS stock opened at $6.15 on Monday. Arhaus has a 12 month low of $5.83 and a 12 month high of $14.95. The business has a 50-day moving average of $7.47.

Several institutional investors have recently bought and sold shares of the business. Gleason Group Inc. boosted its holdings in shares of Arhaus by 11.9% during the 1st quarter. Gleason Group Inc. now owns 14,908 shares of the company’s stock worth $127,000 after buying an additional 1,585 shares in the last quarter. Signaturefd LLC bought a new position in shares of Arhaus during the 4th quarter worth approximately $27,000. Point72 Hong Kong Ltd bought a new position in shares of Arhaus in the 4th quarter worth $29,000. Lazard Asset Management LLC lifted its holdings in shares of Arhaus by 56.6% in the 1st quarter. Lazard Asset Management LLC now owns 8,892 shares of the company’s stock worth $75,000 after purchasing an additional 3,213 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. lifted its holdings in shares of Arhaus by 28.1% in the 1st quarter. Beacon Investment Advisory Services Inc. now owns 15,975 shares of the company’s stock worth $136,000 after purchasing an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 92.54% of the company’s stock.

About Arhaus (Get Rating)

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market. 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 and modular storage, etc.; and outdoor products include outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.

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Earnings History and Estimates for Arhaus (NASDAQ:ARHS)

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