RH’s Upcoming Q2 Earnings Preview
<p>Wedbush analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/RH'>RH (NYSE:RH)</a> ahead of the upcoming Q2/22 earnings announcement.</p>
<p>The analysts think that the company’s current guidance is conservative and has factored in some continued deceleration from June levels with implied demand declines much larger than other industry peers. Increased promotional activity creates a challenging environment for companies like RH that do not engage in aggressive discounting, but the company’s higher-income consumer is holding up better and is less price sensitive than the mass market.</p>
<p>With sizable company-specific growth drivers still ramping, order-to-delivery lead times improving, and macro-driven demand headwinds likely slowing, the analysts see limited downside risk to the company’s Q2/22 and full 2022-year guidance. For Q2, the analysts expect revenue to decline 2% year-over-year, in line with the Street estimate and the company’s guidance of a 1%-3% decline. The analysts maintained their outperform rating and $274 price target.</p>

NYSE:RH