Restoration Hardware (RH) will report Q1 earnings after the market closes. There is a conference call scheduled at 5:00pm.

Current Capital IQ consensus calls for Q1 adj. EPS of $1.53 (vs $1.33 last year) on revs of $583.7 mln (+5% Y/Y).

RH may provide Q2 guidance. 

• Current Capital IQ Consensus calls for Q2 adj. EPS of $2.17 (vs $2.49 last year) on revs of $659.5 mln (+3% Y/Y)

• RH may update its FY 20 outlook which calls for adj. EPS of $8.41-9.08 on revs of $2.585-2.635 bln.

  • Current Cap IQ consensus estimates FY 20 adj. EPS of $8.32 (vs $8.54 last year) on revs of $2.6 bln (+4% Y/Y). 

TECHS:

Short interest has fallen to 33% from 40% of its 18 mln float. RH has a $1.7 bln market cap and trades at a forward P/E of 12x.

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