RH (RH) Increases Despite Market Slip: Here's What You Need to Know

The most recent trading session ended with RH (RH) standing at $207.52, reflecting a +1.77% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.39%. At the same time, the Dow lost 0.27%, and the tech-heavy Nasdaq lost 0.38%.Shares of the furniture and housewares company witnessed a gain of 30.89% over the previous month, beating the performance of the Consumer Staples sector with its loss of 0.12% and the S&P 500's gain of 13.07%.The investment community will be closely monitoring the performance of RH in its forthcoming earnings report. It is anticipated that the company will report an EPS of -$0.09, marking a 77.5% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $818.86 million, showing a 12.64% escalation compared to the year-ago quarter.RH's full-year Zacks Consensus Estimates are calling for earnings of $10.72 per share and revenue of $3.53 billion. These results would represent year-over-year changes of +98.89% and +11.08%, respectively.Any recent changes to analyst estimates for RH should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.61% upward. As of now, RH holds a Zacks Rank of #5 (Strong Sell).In terms of valuation, RH is currently trading at a Forward P/E ratio of 19.01. This signifies a discount in comparison to the average Forward P/E of 20.36 for its industry.It's also important to note that RH currently trades at a PEG ratio of 0.61. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Consumer Products - Staples stocks are, on average, holding a PEG ratio of 3.57 based on yesterday's closing prices.The Consumer Products - Staples industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 166, this industry ranks in the bottom 33% of all industries, numbering over 250.The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 RH (RH): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks