What to Expect From RH’s Upcoming Q4 Earnings?
<p>Analysts at Wedbush provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/RH'>RH (NYSE:RH)</a> ahead of the upcoming Q4/22 earnings announcement on Wednesday. While the company has already indicated it expects Q4 results near the low end of its guidance range, the analysts expect that the company will point to a weak and uncertain demand environment when it provides its initial outlook for fiscal 2023, along with margin pressure from weak sales and elevated capitalized supply chain costs moving from the balance sheet to the income statement.</p>
<p>The analysts see more downside risk to the company compared to its competitors as its customer base skews toward higher-earning households that are seeing demand pressures from higher interest rates, a weakening luxury housing market, ongoing banking concerns, and a volatile stock market.</p>
<p>The analyst said they remain comfortable with their 2023 forecast calling for an 8% year-over-year revenue decline, compared to the consensus of a 4% decline. They expect 2023 EPS to be $16.23, compared to the consensus of $16.63.</p>

NYSE:RH