$211.78 Million in Sales Expected for Arhaus Inc (NASDAQ:ARHS) This Quarter

Equities research analysts expect Arhaus Inc (NASDAQ:ARHS) to announce $211.78 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Arhaus’ earnings, with the lowest sales estimate coming in at $211.00 million and the highest estimate coming in at $212.50 million. The company is scheduled to issue its next quarterly earnings report on Thursday, March 10th.

According to Zacks, analysts expect that Arhaus will report full-year sales of $770.59 million for the current fiscal year, with estimates ranging from $770.00 million to $771.20 million. For the next financial year, analysts anticipate that the business will report sales of $1.07 billion, with estimates ranging from $1.07 billion to $1.09 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover Arhaus.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings results on Thursday, December 9th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. The firm had revenue of $203.33 million for the quarter, compared to the consensus estimate of $201.25 million.

ARHS has been the topic of a number of research analyst reports. Telsey Advisory Group assumed coverage on Arhaus in a report on Monday, November 29th. They set an “outperform” rating and a $14.00 price target on the stock. Guggenheim initiated coverage on Arhaus in a research report on Monday, November 29th. They issued a “buy” rating and a $14.00 price target on the stock. Morgan Stanley initiated coverage on Arhaus in a research report on Monday, November 29th. They issued an “equal weight” rating and a $12.00 price target on the stock. Barclays began coverage on Arhaus in a research report on Monday, November 29th. They issued an “overweight” rating and a $18.00 price target on the stock. Finally, Jefferies Financial Group set a $17.00 price objective on Arhaus in a research report on Tuesday, January 4th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Arhaus currently has a consensus rating of “Buy” and an average price target of $15.00.

Shares of ARHS traded down $0.33 during trading hours on Tuesday, hitting $10.41. The company had a trading volume of 324,050 shares, compared to its average volume of 487,465. The company’s 50 day moving average is $11.03. Arhaus has a 52-week low of $7.62 and a 52-week high of $14.95.

In other news, CMO Jennifer E. Porter acquired 30,000 shares of the business’s stock in a transaction dated Friday, December 10th. The stock was purchased at an average price of $11.99 per share, for a total transaction of $359,700.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John P. Reed acquired 10,000 shares of the business’s stock in a transaction dated Friday, December 10th. The shares were purchased at an average price of $10.50 per share, with a total value of $105,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 93,000 shares of company stock worth $1,078,670.

Arhaus Company Profile

Arhaus Inc is a lifestyle brand and omni-channel retailer of premium home furnishings. The company offers assortment of heirloom quality products. Arhaus Inc is based in BOSTON HEIGHTS, Ohio.

Featured Story: What is the downside to momentum investing?

Get a free copy of the Zacks research report on Arhaus (ARHS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Arhaus (NASDAQ:ARHS)

Receive News & Ratings for Arhaus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arhaus and related companies with MarketBeat.com's FREE daily email newsletter.