RH (RH) is about to face the music. The luxury home furnishings retailer will release third-quarter earnings results after the market closes on Thursday, December 11, and Wall Street's most accurate analysts have been busy adjusting their outlooks.
The consensus numbers tell an interesting story. Analysts are expecting the Corte Madera, California-based company to report earnings of $2.16 per share, which would represent a decline from $2.48 per share in the same quarter last year. On the revenue front, however, things look brighter. The Street is forecasting quarterly revenue of $883.65 million, up from $811.73 million a year earlier.
Context matters here: RH reported worse-than-expected second-quarter financial results back on September 11, which hasn't exactly inspired confidence. The stock reflected some of that caution on Wednesday, slipping 0.5% to close at $157.22.
So what are the analysts who've proven most accurate saying? Let's look at the recent ratings from those with the strongest track records:
Philip Blee at William Blair downgraded RH from Outperform to Market Perform on October 2, 2025. This analyst has a 73% accuracy rate, so when he gets more cautious, it's worth noting.
Zachary Fadem at Wells Fargo maintained an Overweight rating and actually bumped up his price target from $275 to $295 on September 8, 2025. With a 78% accuracy rate, Fadem is one of the most reliable voices on the stock.
Steven Zaccone at Citigroup stuck with a Neutral rating but raised his price target from $200 to $233 on September 3, 2025. His accuracy rate sits at 60%.
Kate McShane at Goldman Sachs took a more bearish stance, downgrading the stock from Neutral to Sell and cutting her price target from $199 to $179 on June 24, 2025. She has a 68% accuracy rate.
Peter Benedict at Baird maintained a Neutral rating while lifting his price target from $215 to $230 on June 16, 2025. This analyst has a 64% accuracy rate.
The range of opinions reflects the complexity of RH's current position. You've got bulls pointing to revenue growth and raising price targets, while others are backing away entirely. Thursday's earnings call should give us a clearer picture of which camp has it right.




