This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Restoration Hardware Proves It Pays To Bet On Wealthy Consumers: StockTwits

NEW YORK (TheStreet) -- Restoration Hardware (RH - Get Report) proved again that it pays to buy into brands only the wealthy can afford.

The high-end furniture company said its earnings per share rose a whopping 200% in the fiscal first quarter from the prior year to 18 cents, excluding some items. Consensus had called for 7 cents less in earnings per share. Management also raised full-year earnings guidance.

$RH up in the market as the company announced another quarter of meteoric growth

? Nancy Kross (@NancyKross) Jun. 12 at 07:54 AM

The outperformance echoes the earlier results of luxury brands like Tiffany's (TIF). The high-end diamond retailer also had a beat-and-raise quarter. Nordstrom (JWN) and Bloomingdale's owner Macy's (M) are two other brands that have topped expectations this earnings season.

Restoration's results were strong across the board. The company said net revenues increased 22% to $366.3 million. Growth slowed from last year's 38% net revenue jump, but still soundly beat Wall Street's consensus estimate of $348.49 million.

Restoration raised its outlook for the fiscal year. Management guided to net revenues in the range of $1.86 billion and $1.89 billion. It expects adjusted net income in the range of $91.9 million to $94.3 million. EPS, excluding some items, should be in the range of $2.24 to $2.30. The new EPS range easily topped consensus calls for $2.20. The stock rose more than 14% in premarket trading to $81.74.

$400 million rise in mkt.cap as $RH raises full year EPS guidance

? Bidness Etc (@BidnessEtc) Jun. 12 at 07:46 AM

Investors anticipated that analysts would release a barrage of upgrades Thursday.

$RH This could touch $83-$85 tomorrow after getting some upgrades in the a.m. Will look at some OTM calls at the open tmrw for a quick trade

? Clark Joseph (@JorelLaraKalel) Jun. 11 at 06:08 PM

$RH - Expect another leg up during the conference call, price target $83 - $85 by tomorrow depending on the call and upgrades

? DanteZ (@DanteZ) Jun. 11 at 04:41 PM

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
RH $42.77 0.00%
AAPL $93.64 0.00%
GOOG $698.21 0.00%
FB $118.57 0.00%
TSLA $241.80 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs