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

Bassett Furniture Industries

29/06/2023 15:23

* Bassett Furniture Industries Inc  BSET.OQ  reported
quarterly
adjusted earnings of 12 cents​​ per share for the quarter ended
in May. The mean expectation of two analysts for the quarter was
for earnings of 3 cents per share.
    * Revenue fell 21.9% to $100.52 million from a year ago;
analysts
expected $102.31 million. 
    * Bassett Furniture Industries Inc's reported EPS for the
quarter
was 24 cents​.
    * The mean earnings estimate of analysts had fallen by
about 81.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Bassett Furniture Industries Inc shares had fallen
by 14.8% this
quarter and lost 12.7% so far this year.
    * The company reported quarterly net income of $2.08
million.
    * Wall Street's median 12-month price target for Bassett
Furniture
Industries Inc is $27.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data June
29 at 02:23 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2023      0.03           0.12           Beat
 Feb. 28 2023      0.24           0.16           Missed
 Nov. 30 2022      0.38           0.55           Beat
 Aug. 31 2022      0.64           0.82           Beat