Restoration Hardware "market perform"

08/28/07 - JMP Securities

NEW YORK, August 28 (newratings.com) – Analysts at JMP Securities reiterate their "market perform" rating on Restoration Hardware Inc (RSTO).

In a research note published this morning, the analysts mention that the company is expected to report its F2Q07 EPS at -$0.20, in-line with the pre-announcement. Restoration Hardware had pre-announced its EPS short of expectations on account of a weaker-than-expected performance by outdoor furniture, out-of-stock bathware and continued sluggishness in the home furnishings segment, the analysts say. The company is expected to revise its FY07 guidance closer to the low estimates, JMP Securities adds.