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The Best Options Trade for Restoration Hardware Earnings
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On Thursday, September 8th, Restoration will release its Q3 2016 earnings results. The company is currently a Zacks Rank #3 (Hold) coming off a disappointing Q2 report.
Dave will investigate Restoration Hardware’s (RH - Free Report) past earnings, look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Restoration ahead of earnings.
Restoration Hardware in Focus
Restoration Hardware is a luxury brand in the home furnishings marketplace, offering product assortments across a number of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, as well as baby and child products.
Restoration Hardware is expected to report earnings this quarter at $0.29 per share. Last quarter they reported an earnings miss at -$0.05 cents, missing the Zacks Consensus Estimate by -$0.10. They have an average surprise of -55.80% for the last four quarters.
Partly due to missed earnings, shares of Restoration Hardware are near a 52-week low trading around $33. Restoration Hardware’s 52-week high was $106.49 last fall.
Restoration Hardware’s industry, Retail-Home Furniture, is currently ranked in the Top 15% of our Zacks Industry Rank. While the furniture market is very competitive, specializing in luxury brands makes it a niche market for Restoration Hardware. After opening several expensive flagship locations in major cities around the US, Restoration Hardware saw a Q2 laced with obstacles.
Looking ahead it is hard to gauge if Restoration Hardware will be able to turn things around after several earnings misses in a row. This could be a make or break quarter for RH and CEO Gary Friedman.
But how should investors play this company ahead of its report? For insights on the best options trades, make sure to watch Dave Bartosiak at 1pm on Tuesday on our YouTube Channel, for more information.
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The Best Options Trade for Restoration Hardware Earnings
On Thursday, September 8th, Restoration will release its Q3 2016 earnings results. The company is currently a Zacks Rank #3 (Hold) coming off a disappointing Q2 report.
Dave will investigate Restoration Hardware’s (RH - Free Report) past earnings, look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Restoration ahead of earnings.
Restoration Hardware in Focus
Restoration Hardware is a luxury brand in the home furnishings marketplace, offering product assortments across a number of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, as well as baby and child products.
Restoration Hardware is expected to report earnings this quarter at $0.29 per share. Last quarter they reported an earnings miss at -$0.05 cents, missing the Zacks Consensus Estimate by -$0.10. They have an average surprise of -55.80% for the last four quarters.
RESTORATION HDW Price, Consensus and EPS Surprise
RESTORATION HDW Price, Consensus and EPS Surprise | RESTORATION HDW Quote
Partly due to missed earnings, shares of Restoration Hardware are near a 52-week low trading around $33. Restoration Hardware’s 52-week high was $106.49 last fall.
Restoration Hardware’s industry, Retail-Home Furniture, is currently ranked in the Top 15% of our Zacks Industry Rank. While the furniture market is very competitive, specializing in luxury brands makes it a niche market for Restoration Hardware. After opening several expensive flagship locations in major cities around the US, Restoration Hardware saw a Q2 laced with obstacles.
Looking ahead it is hard to gauge if Restoration Hardware will be able to turn things around after several earnings misses in a row. This could be a make or break quarter for RH and CEO Gary Friedman.
But how should investors play this company ahead of its report? For insights on the best options trades, make sure to watch Dave Bartosiak at 1pm on Tuesday on our YouTube Channel, for more information.