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Investors React To Restoration Hardware's Horrendous Earnings Report
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Shares of Restoration Hardware Holdings, Inc. (RH - Free Report) are down over 20% on Thursday following the company’s latest earnings report. The company posted a surprise loss and disappointing guidance, which sent investors into a selling frenzy.
For the first-quarter of fiscal 2016, Restoration Hardware posted an adjusted loss per share of five cents on revenues of $455.5 million. The Zacks Consensus Estimate called for a profit of five cents per share on revenues of $459 million.
The company also revised its fiscal 2016 earnings expectations downward. For the second quarter, Restoration Hardware now expects earnings to come in between 28 cents and 33 cents per share, compared to the current Zacks Consensus Estimate of 80 cents. For the full year, the company now expects earnings to be between $1.60 and $1.80 per share, well below our current estimate of $2.65.
Following the horrendous report, investors were in an uproar in the social media world. As always, we kept a close eye on StockTwits and Twitter and compiled our favorite messages and notes below.
Of course, the memes were out in full force:
$RH seriously get off the ship before it sinks further.....
Currently, Restoration Hardware holds a Zacks Rank #4 (Sell), and we can probably expect to see negative estimate revisions to match the company’s new internal expectations. The company is struggling to market and sell its products, and its earnings report holds little help for the future.
Do you have an opinion on Restoration Hardware? Join the conversation with ZacksResearch on StockTwits and Twitter!
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Investors React To Restoration Hardware's Horrendous Earnings Report
Shares of Restoration Hardware Holdings, Inc. (RH - Free Report) are down over 20% on Thursday following the company’s latest earnings report. The company posted a surprise loss and disappointing guidance, which sent investors into a selling frenzy.
For the first-quarter of fiscal 2016, Restoration Hardware posted an adjusted loss per share of five cents on revenues of $455.5 million. The Zacks Consensus Estimate called for a profit of five cents per share on revenues of $459 million.
(Watch: Restoration Hardware (RH - Free Report) Earnings Preview)
The company also revised its fiscal 2016 earnings expectations downward. For the second quarter, Restoration Hardware now expects earnings to come in between 28 cents and 33 cents per share, compared to the current Zacks Consensus Estimate of 80 cents. For the full year, the company now expects earnings to be between $1.60 and $1.80 per share, well below our current estimate of $2.65.
Following the horrendous report, investors were in an uproar in the social media world. As always, we kept a close eye on StockTwits and Twitter and compiled our favorite messages and notes below.
Of course, the memes were out in full force:
Most investors expressed major disappointment in Restoration Hardware:
On the other hand, some bullish investors remained positive:
Bottom Line
Currently, Restoration Hardware holds a Zacks Rank #4 (Sell), and we can probably expect to see negative estimate revisions to match the company’s new internal expectations. The company is struggling to market and sell its products, and its earnings report holds little help for the future.
Do you have an opinion on Restoration Hardware? Join the conversation with ZacksResearch on StockTwits and Twitter!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>