Earnings Top ExpectationsRH reported a first-quarter loss of $1.97 per share, beating analysts’ estimates for a loss of $2.11 per share. Revenue rose to $800.3 million, ahead of the consensus estimate of $792.8 million.RH projected second-quarter revenue of $903.6 million to $921.6 million, below the Wall Street consensus estimate of $937.8 million.Despite the softer quarterly outlook, RH raised its fiscal 2026 revenue guidance. The company now expects full-year sales of $3.594 billion to $3.715 billion, up from its prior forecast of $3.577 billion to $3.715 billion. The updated range compares with the analyst estimate of $3.619 billion.RH Analysts Raise Price ForecastsFollowing the results, several analysts increased their price forecasts on the stock.
Baird analyst Peter Benedict maintained a Neutral rating and raised his price forecast to $150 from $125.
Wells Fargo analyst Zachary Fadem reiterated an Overweight rating and increased his price forecast to $175 from $160.
Stifel analyst W. Andrew Carter maintained a Hold rating and lifted his price forecast to $130 from $110.
