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

Bassett Furniture Industries

25/01/2024 14:50

* Bassett Furniture Industries Inc  BSET.OQ  reported a
quarterly
adjusted loss of 47 cents​​ per share for the quarter ended in
November, lower than the same quarter last year, when the
company reported EPS of 55 cents.  The mean expectation of
two analysts for the quarter was for a loss of 5 cents per
share. Wall Street expected results to range from -11 cents
tozero cents per share.
    * Revenue fell 21.7% to $94.70 million from a year ago;
analysts
expected $90.61 million. 
    * Bassett Furniture Industries Inc's reported EPS for the
quarter
was a loss of 47 cents​.
    * The company reported a quarterly loss of $4.1 million.
    * Bassett Furniture Industries Inc shares had fallen by 7.8%
this
quarter.

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
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the home
furnishings
peer group is also "hold"

Wall Street's median 12-month price target for Bassett Furniture
Industries Inc is $25.00 
This summary was machine generated from LSEG data January 25 at
02:50 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
 Nov. 30 2023      -0.05          -0.47          Missed
 Aug. 31 2023      -0.58          -0.30          Beat
 May. 31 2023      0.03           0.12           Beat
 Feb. 28 2023      0.24           0.16           Missed