Restoration Hardware Rallies Ahead Of Q1 Report

Restoration Hardware

shares are trading higher by $0.87 at $36.25 in Wednesday's session. The company will report Q1 earnings after the close. Street estimates stand for EPS at $0.05 on revenues of $452.86M. The issue, which has been straight down since November, when it peaked at $106.49. It appears to have at least found a short term bottom, when it put in a pair lows at $30.85 in mid-May. In today's session, it has rallied its highest level since making that low, when it reached $36.65 in in today's session. Today's price action is taking place on much higher volume as nearing the close 3.3M shares have traded compared with its 20 day average of only 1.6M.