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RH is the new name for Restoration Hardware (RH - Free Report) which recently beat the Zacks Consensus Estimate for EPS and revenue, yet the stock is a Zacks Rank #5 (Strong Sell) and is the Bear of the Day. Let’s take a look at why that is the case.
Description
RH sells home furnishings. It offers products in various categories, such as furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. As of October 29, 2016, it operated 85 retail galleries that include 51 legacy galleries, 6 larger format design galleries, 7 next generation design galleries, 1 RH modern gallery, and 5 RH baby & child galleries throughout the United States and Canada; 15 Waterworks showrooms in the United States and the United Kingdom; and 28 outlet stores. The company was formerly known as Restoration Hardware Holdings, Inc. and changed its name to RH in January 2017. RH was founded in 1979 and is headquartered in Corte Madera, California.
Earnings Beats
You don’t normally see a company beat the estimate like RH has done in each of the last two quarters and see them being the Bear of the Day. As the aggressive growth strategist at Zacks, I search far and wide for revenue beats like RH has posted. The July 2016 quarter saw a 5% positive revenue surprise and the October 2016 quarter saw a 3% positive revenue surprise.
Estimates
The reason that RH is a Zacks Rank #5 (Strong Sell) is the downward revision to earnings estimates. The Zacks Consensus Estimate for 2016 fell from $1.63 in November to $1.24 in December and has remained there in January.
The Zacks Consensus Estimate for 2017 slid from $2.34 in November to $2.01 in December and then kicked lower again to $1.99 in January.
Restoration Hardware Holdings Inc. Price and Consensus
Be sure to short or avoid this Bear Stock of the Day. Now would you like to see Zacks' recommendations that have the best profit potential? Starting today, for the next month, you can follow all our private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for all Zacks trades >>
Be sure to short or avoid this Bear Stock of the Day. Now would you like to see Zacks' recommendations that have the best profit potential? Starting today, for the next month, you can follow all our private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for all Zacks trades >>
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So Where Are the Profitable Trades? Be sure to short or avoid this Bear Stock of the Day. Now would you like to see Zacks' recommendations that have the best profit potential? Starting today, for the next month, you can follow all our private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for all Zacks trades >>
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Bear Of The Day RH (RH)
RH is the new name for Restoration Hardware (RH - Free Report) which recently beat the Zacks Consensus Estimate for EPS and revenue, yet the stock is a Zacks Rank #5 (Strong Sell) and is the Bear of the Day. Let’s take a look at why that is the case.
Description
RH sells home furnishings. It offers products in various categories, such as furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. As of October 29, 2016, it operated 85 retail galleries that include 51 legacy galleries, 6 larger format design galleries, 7 next generation design galleries, 1 RH modern gallery, and 5 RH baby & child galleries throughout the United States and Canada; 15 Waterworks showrooms in the United States and the United Kingdom; and 28 outlet stores. The company was formerly known as Restoration Hardware Holdings, Inc. and changed its name to RH in January 2017. RH was founded in 1979 and is headquartered in Corte Madera, California.
Earnings Beats
You don’t normally see a company beat the estimate like RH has done in each of the last two quarters and see them being the Bear of the Day. As the aggressive growth strategist at Zacks, I search far and wide for revenue beats like RH has posted. The July 2016 quarter saw a 5% positive revenue surprise and the October 2016 quarter saw a 3% positive revenue surprise.
Estimates
The reason that RH is a Zacks Rank #5 (Strong Sell) is the downward revision to earnings estimates. The Zacks Consensus Estimate for 2016 fell from $1.63 in November to $1.24 in December and has remained there in January.
The Zacks Consensus Estimate for 2017 slid from $2.34 in November to $2.01 in December and then kicked lower again to $1.99 in January.
Restoration Hardware Holdings Inc. Price and Consensus
Restoration Hardware Holdings Inc. Price and Consensus | Restoration Hardware Holdings Inc. Quote
So Where Are the Profitable Trades?
Be sure to short or avoid this Bear Stock of the Day. Now would you like to see Zacks' recommendations that have the best profit potential? Starting today, for the next month, you can follow all our private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for all Zacks trades >>
So Where Are the Profitable Trades?
Be sure to short or avoid this Bear Stock of the Day. Now would you like to see Zacks' recommendations that have the best profit potential? Starting today, for the next month, you can follow all our private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for all Zacks trades >>