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

Bassett Furniture Industries

10/07/2024 22:01

* Bassett Furniture Industries Inc  BSET.OQ  reported a
quarterly
adjusted loss of 82 cents​​ per share for the quarter ended in
May, lower than the same quarter last year, when the company
reported EPS of 12 cents.  The mean expectation of two analysts
for the quarter was for a loss of 11 cents per share. Wall
Street expected results to range from -12 cents to -10 cents per
share.
    * Revenue fell 17% to $83.41 million from a year ago;
analysts
expected $86.99 million. 
    * Bassett Furniture Industries Inc's reported EPS for the
quarter
was a loss of 82 cents​.
    * The company reported a quarterly loss of $7.2 million.
    * Bassett Furniture Industries Inc shares had fallen by 7.1%
this
quarter and lost 20.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10%
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 $21.00 

This summary was machine generated from LSEG data July 10 at
09:01 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
 May. 31 2024      -0.11          -0.82          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