Ticker delayed 20 minutes
Avg Daily Volume: 901,698 Market Cap: 2.75B Sector: Services Short Interest: 83.72 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 2.7/share REV: 697.7/M
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LAST QTR: EPS: 1.55/share ACTUAL: 1.85/share (BEAT)
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NEXT QTR: EPS: 1.82/share REV: 669.7/M
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FULL YR: EPS: 9.49/share REV: 2,680/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 RECORD: 71% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 28.3, -22.54, 20.1
POTENTIAL JUMP MOVE: 18%
Links To Latest News and Headlines
CORTE MADERA, Calif., September 05, 2024–RH (NYSE: RH) today announced that it will report financial results for the second quarter ended August 3, 2024, on Thursday, September 12, 2024 after market close. RH’s second quarter fiscal 2024 financial results press release will include a shareholder letter from Chairman and Chief Executive Officer, Gary Friedman, highlighting the Company’s continued evolution and recent performance. The shareholder letter and financial results will be posted to the
As U.S. markets remain mixed with the S&P 500 and Dow Jones Industrial Average down, while the Nasdaq Composite shows fractional gains, investors are closely watching key economic indicators and earnings reports. In such an environment, growth companies with high insider ownership can be particularly attractive as they often signal strong confidence from those who know the business best.
ADP is set to report August’s private payroll employment data tomorrow morning alongside the prior week’s weekly jobless claims. Chip maker Broadcom (AVGO) will post its fiscal third quarter earnings results alongside other companies like Nio (NIO), DocuSign (DOCU), and Rent the Runway (RENT). Lastly, Freddie Mac will publish the latest print for US mortgage rates. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Luke Carberry Mogan.
RH (RH) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shopify (SHOP) surged last week after reporting better-than-expected second quarter results and third quarter guidance. Loop Capital Markets managing director Anthony Chukumba joins Market Domination to discuss the stock’s rally and his refrain from giving it a Buy rating despite raising its price target to $80. “Tech stocks, in general, are just incredibly volatile. And Shopify stock prices are incredibly volatile. So we think it makes sense to sort of revisit that valuation, particularly on a relative basis once a quarter,” Chukumba explains. “And, basically, what we found was that even after this big run-up that Shopify has had since they reported good second quarter results, the stock is trading at a pretty significant discount to the comp group on an enterprise value to revenue basis, even more so when you account for the fact that Shopify is generally growing their revenues faster than a lot of their comps.” From a fundamental perspective, he is concerned about whether Shopify will see significant and continued returns on its incremental marketing spend. In order for him to feel comfortable giving the stock a Buy rating, he would like to see a “more attractive entry point” at six or seven times revenues. “Then, we’d feel like we had some sort of margin for safety on the downside,” he says. As many investors have concerns about the state of consumer spending, Chukumba explains that the retail sector is “perennially a stock pickers market”: “You can have a good economy, bad economy, you still have to look at each individual stock and look at the specific catalysts, look at the management teams, look at the secular and cyclical trends, and certainly look at valuation.” He is particularly cautious about retailers that cater to the low-income consumer, as they are the group most under pressure by inflation. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
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