Morgan Stanley Maintains Equal-Weight on Arhaus, Lowers Price Target to $8
Morgan Stanley maintains Arhaus (NASDAQ:ARHS) with a Equal-Weight and lowers the price target from $12 to $8.
Arhaus Q1 EPS $0.12 Beats $0.09 Estimate, Sales $246.00M Beat $235.26M Estimate
Arhaus (NASDAQ:ARHS) reported quarterly earnings of $0.12 per share which beat the analyst consensus estimate of $0.09 by 33.33 percent. The company reported quarterly sales of $246.00 million which beat the analyst
Earnings Scheduled For May 11, 2022
Companies Reporting Before The Bell
• Great Elm Capital (NASDAQ:GECC) is expected to report earnings for its first quarter.
Arhaus Earnings Perspective: Return On Capital Employed
According to Benzinga Pro data Arhaus (NASDAQ:ARHS) posted a 55.84% decrease in earnings from Q3. Sales, however, increased by 17.16% over the previous quarter to $238.23 million.
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Forge Global Holdings, Inc. (NYSE: FRGE) jumped 73.9% to close at $37.64.
Telsey Advisory Group Maintains Outperform on Arhaus, Raises Price Target to $12
Telsey Advisory Group analyst Joseph Feldman maintains Arhaus (NASDAQ:ARHS) with a Outperform and raises the price target from $11 to $12.
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Gainers
Direct Digital Holdings, Inc. (NASDAQ: DRCT) shares jumped 82.6% to $4.71 after the company reported a year over year increase in Q4 sales results and issued Q1 sales guidance above analyst estimates.
Arhaus Sees FY22 Sales $1.13B-$1.17B vs $1.08B Est.
Full Year 2022 Outlook Highlights
Net revenue of $1,130 million to $1,170 million
Comparable Growth(1) of 35% to 45%
Net and Comprehensive Income of $70
Stocks That Hit 52-Week Lows On Tuesday
During Tuesday's trading, 505 companies set new 52-week lows.