Bassett Furniture Industries Inc reports results for the quarter ended in February - Earnings Summary

Bassett Furniture Industries

03/04/2024 14:39

* Bassett Furniture Industries Inc  BSET.OQ  reported a
quarterly
adjusted loss of 14 cents​​ per share for the quarter ended in
February, lower than the same quarter last year, when the
company reported EPS of 16 cents.  The mean expectation of
two analysts for the quarter was for earnings of one cent per
share. Wall Street expected results to range from zero cents
to 1 cents per share.
    * Revenue fell 19.6% to $86.55 million from a year ago;
analysts
expected $90.89 million. 
    * Bassett Furniture Industries Inc's reported EPS for the
quarter
was a loss of 14 cents​.
    * The company reported a quarterly loss of $1.19 million.
    * Bassett Furniture Industries Inc shares had fallen by 2.8%
this
quarter and lost 13.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 
    * Wall Street's median 12-month price target for Bassett
Furniture
Industries Inc is $23.00 

This summary was machine generated from LSEG data April 3 at
01:39 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Feb. 29 2024      0.01           -0.14          Missed
 Nov. 30 2023      -0.05          -0.47          Missed
 Aug. 31 2023      -0.58          -0.30          Beat
 May. 31 2023      0.03           0.12           Beat