JUMP REPORT
| Avg Daily Volume: 1,339,162 Market Cap: 1.63B Sector: Services Short Interest: 83.72 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 1.55/share REV: 776.2/M
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LAST QTR: EPS: 2.86/share ACTUAL: 3.00/share (BEAT)
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NEXT QTR: EPS: 2.19/share REV: 663.5/M
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FULL YR: EPS: 8.42/share REV: 2,620/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS HISTORY: 70% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) -26.34, -31.62, 20.91
POTENTIAL JUMP MOVE: 15-20%
Links To Latest News and Headlines
The market is overlooking important strengths of these companies that could pay off for patient investors.
On September 12, 2023, Carlos Alberini, a director at RH, sold 25,000 shares of the company’s stock.
Formerly known as Restoration Hardware, high-end furniture retailer RH (NYSE: RH) has been embarking on a major brand transformation and expansion over the past few years. In 2023, sales and profits are on the decline, even as the company spends big to expand its brand. Management decided to spend most of its cash on a massive share repurchase in the second quarter.
In May, business conglomerate Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) revealed that it had sold its entire investment in RH stock — nearly 2.4 million shares valued at over $600 million at the time. Forbes took this and ran the headline, “Bad Omen For Home Furnishings As Berkshire Hathaway Dumps Its RH Stock,” showing how this was perceived by the market. Berkshire Hathaway is run by famous investor Warren Buffett.
Stores with lower-income customers saw better Q2 same-store sales than those with higher-income customers.
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