Arhaus Inc reports results for the quarter ended June 30 - Earnings Summary

• Arhaus Inc ARHS.OQ reported quarterly adjusted earnings of 25 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 15 cents per share. Wall Street expected results to range from 11 cents to 17 cents per share.

• Revenue rose 15.7% to $358.44 million from a year ago; analysts expected $333.65 million.

• Arhaus Inc's reported EPS for the quarter was 25 cents​.

• The company reported quarterly net income of $35.07 million.

• Arhaus Inc shares had risen by 13.8% this quarter and gained 5.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the home furnishings retailers peer group is also "buy"

• Wall Street's median 12-month price target for Arhaus Inc is $10.00, about 1.3% above its last closing price of $9.87

This summary was machine generated from LSEG data August 7 at 04:19 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)