Why RH (RH) Dipped More Than Broader Market Today

RH (RH) closed down 4.23%, underperforming the S&P 500's 1.09% decline. The furniture and housewares company has lost 7.06% over the past month. Upcoming earnings are expected to show a significant decline with EPS projected at $0.67, down 60.82% year-over-year, though quarterly revenue is anticipated to rise 5.5% to $932.39 million. The stock holds a Zacks Rank of #3 (Hold) with a Forward P/E of 22.55, trading at a premium to its industry average.