What is William Blair’s Estimate for Arhaus FY2024 Earnings?

Arhaus, Inc. (NASDAQ:ARHS) – Equities researchers at William Blair lowered their FY2024 EPS estimates for Arhaus in a research note issued to investors on Thursday, November 7th. William Blair analyst P. Blee now forecasts that the company will post earnings per share of $0.44 for the year, down from their previous estimate of $0.52. The consensus estimate for Arhaus’ current full-year earnings is $0.42 per share. William Blair also issued estimates for Arhaus’ Q4 2024 earnings at $0.10 EPS and FY2025 earnings at $0.53 EPS.

Arhaus (NASDAQ:ARHS) last announced its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a return on equity of 25.10% and a net margin of 6.18%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share.

Several other research firms have also issued reports on ARHS. TD Cowen reduced their price target on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Wedbush reduced their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group reiterated a “hold” rating and set a $12.00 price target on shares of Arhaus in a research report on Wednesday, October 9th. Barclays reduced their price target on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Finally, Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.80.

Arhaus Stock Performance

NASDAQ ARHS opened at $9.80 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 11.70 and a beta of 2.58. The firm’s 50 day simple moving average is $10.56 and its 200 day simple moving average is $13.71. Arhaus has a 1 year low of $8.22 and a 1 year high of $19.81.

Institutional Trading of Arhaus

Hedge funds have recently added to or reduced their stakes in the stock. Algert Global LLC lifted its holdings in shares of Arhaus by 21.2% during the third quarter. Algert Global LLC now owns 103,261 shares of the company’s stock worth $1,271,000 after purchasing an additional 18,040 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Arhaus by 19.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 426,575 shares of the company’s stock worth $5,251,000 after purchasing an additional 69,853 shares during the period. Intech Investment Management LLC acquired a new position in shares of Arhaus during the third quarter worth $131,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Arhaus during the third quarter worth $1,317,000. Finally, LMR Partners LLP acquired a new position in shares of Arhaus during the third quarter worth $4,308,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Company Profile

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.