Arhaus, Inc. (ARHS) Q1 Earnings and Revenues Surpass Estimates

Group 1 - Arhaus, Inc. reported quarterly earnings of $0.11 per share, exceeding the Zacks Consensus Estimate of $0.02 per share, but down from $0.25 per share a year ago, representing an earnings surprise of 450% [1] - The company achieved revenues of $295.16 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 12.13%, although this is a decrease from year-ago revenues of $304.57 million [1] - Over the last four quarters, Arhaus has consistently surpassed consensus EPS estimates four times and revenue estimates three times [1] Group 2 - Arhaus shares have increased by approximately 11.6% since the beginning of the year, outperforming the S&P 500's gain of 8.8% [2] - The company's future stock performance will largely depend on management's commentary during the earnings call and the outlook for earnings expectations [2][3] - The current consensus EPS estimate for the upcoming quarter is $0.20 on revenues of $329.77 million, and for the current fiscal year, it is $0.75 on revenues of $1.36 billion [4] Group 3 - The Zacks Industry Rank indicates that the Retail - Miscellaneous sector is currently in the bottom 33% of over 250 Zacks industries, which may impact stock performance [4] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, with Arhaus currently holding a Zacks Rank 3 (Hold) [3]