Dallas, Texas 09/08/2014 (FINANCIALSTRENDS) – Restoration Hardware Holdings Inc (NYSE:RH) though expected to report a positive financial report for the second quarter on Wednesday, continues to trade flat. Though the retailer with specialized products is expected to rake in profits, to the range of $0.64 per share, as per estimates, there were not many takers for this stock, even as many already invested continued to hold position. If as anticipated the company were to return the measure of profits as predicted, then the gains it would reflect is lose to one-fourth gain percentage at23%. This percentage gain is for the period in comparison to last year’s quarter.
However, in the pervious quarter, Restoration Hardware Holdings Inc (NYSE:RH) had proved estimates wrong by over 63%.
Analysts had overestimated and the retailer failed to deliver as per expectations.
The fiscal second quarter revenue for Restoration Hardware, in terms of the gains is expected to be to the tune of 14% over the previous year, with revenue of $454.38 million.
As per latest views of analysts Restoration is expected to post a growth percentage gain as well. This would be close to the figure of 21%, for the quarter and when viewed for the entire year as well.
In addition, Restoration Hardware is riding the analyst upgrades as well. This time, when Wolfe Research moved the rating for this specialty retailer from underperform to peer perform, on September 5, Friday, the shares did show some marginal movement upwards.
But this is in contrast to recent downgrade by Zacks.
The analysts firm had moved Restoration Hardware Holdings from outperform to neutral rating, following the announcement of the quarterly results. Restoration Hardware had shown revenue growth of 21.6% over previous year.
However, the posting of financial results for the current quarter on Wednesday, is expected to be in-line with consensus rating of Buy and consensus target price of $92.81.