RH, also known as Restoration Hardware
The company is expected to report a gain of $4.78/share on $797.27 million in revenue. Meanwhile, the so-called Whisper number is a gain of $5.09/share. The Whisper number is the Street’s unofficial view on earnings.
A Closer Look At The Fundamentals:
Earnings grew by (a very impressive) 122% last quarter and revenue jumped by 25%. The company enjoys a Price To Earnings (P/E) ratio of 33 and is well positioned to grow as we “get back to normal” and put Covid-19 behind us.
Closer Look At The Technicals:
Technically, the stock is acting very well as it just broke out of it’s latest base and hit a fresh record high. As long as it continues trading above $487 and then $411, the bulls remain in clear control. The stock has had a big run over the past twelve months and it would be perfectly normal to see it pause to digest that move. If not, higher prices will most likely follow.
Pay Attention To How The Stock Reacts To The News:
From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.