Earnings Alerts

Richelieu Hardware (RCH) Earnings: Q3 Sales Align with Estimates, EPS Falls Short

By October 10, 2024 No Comments
  • Richelieu Hardware‘s third-quarter sales reached C$467.7 million, marking a 1.9% increase compared to the same period last year.
  • The sales slightly missed the analysts’ average estimate of C$468.5 million based on two estimates.
  • Earnings per share (EPS) for this quarter were C$0.41, which is lower than the previous year’s C$0.53.
  • The EPS also fell short of the estimated C$0.44 based on two estimates.
  • Total assets of Richelieu Hardware have increased to C$1.37 billion, up 5.4% from the previous year.
  • Analyst recommendations for Richelieu Hardware are currently at 0 buys, 2 holds, and 0 sells.

A look at Richelieu Hardware Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Richelieu Hardware Ltd. is positioned for a promising long-term outlook based on its Smartkarma Smart Scores. With a momentum score of 4, indicating strong market performance, the company is showing positive growth potential. Additionally, a value score of 3 suggests that the stock may be trading at an attractive price relative to its fundamentals. While the growth and resilience scores are both at 3, hinting at steady progress and stability, the dividend score of 2 indicates a moderate payout to investors.

Overall, Richelieu Hardware‘s Smart Scores paint a picture of a company with solid momentum and growth prospects, supported by its value and resilience. Investors looking for a stock with strong market performance and growth may find Richelieu Hardware an appealing long-term investment option.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars