What is William Blair’s Estimate for Arhaus FY2024 Earnings?

Arhaus, Inc. (NASDAQ:ARHS) – Stock analysts at William Blair upped their FY2024 earnings estimates for Arhaus in a report issued on Thursday, January 9th. William Blair analyst P. Blee now anticipates that the company will post earnings per share of $0.45 for the year, up from their prior forecast of $0.44. The consensus estimate for Arhaus’ current full-year earnings is $0.42 per share. William Blair also issued estimates for Arhaus’ Q4 2024 earnings at $0.12 EPS.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The company had revenue of $319.13 million during the quarter, compared to analysts’ expectations of $328.94 million. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year.

A number of other brokerages also recently commented on ARHS. Jefferies Financial Group increased their price target on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Wedbush lowered their target price on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Barclays reduced their price target on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $11.00 price objective on shares of Arhaus in a research report on Friday, January 10th. Finally, Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and reduced their target price for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.20.

Arhaus Stock Up 0.7 %

Arhaus stock opened at $10.94 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The stock has a market cap of $1.54 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58. Arhaus has a fifty-two week low of $8.30 and a fifty-two week high of $19.81. The firm’s 50-day simple moving average is $9.88 and its 200 day simple moving average is $11.58.

Institutional Investors Weigh In On Arhaus

Institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank bought a new position in Arhaus in the 2nd quarter worth about $30,000. Quantbot Technologies LP bought a new stake in shares of Arhaus during the 3rd quarter valued at about $43,000. Quest Partners LLC grew its holdings in shares of Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after purchasing an additional 7,168 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Arhaus in the third quarter worth approximately $131,000. Finally, Olympiad Research LP purchased a new stake in Arhaus in the third quarter valued at approximately $202,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

About Arhaus

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