Q3 2024 Earnings Estimate for Bassett Furniture Industries, Incorporated Issued By Sidoti Csr (NASDAQ:BSET)

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Analysts at Sidoti Csr reduced their Q3 2024 earnings estimates for shares of Bassett Furniture Industries in a research report issued to clients and investors on Monday, July 1st. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings per share of $0.08 for the quarter, down from their prior estimate of $0.10. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is $0.23 per share. Sidoti Csr also issued estimates for Bassett Furniture Industries’ Q4 2024 earnings at $0.40 EPS and FY2024 earnings at $0.21 EPS.

Bassett Furniture Industries (NASDAQ:BSET) last released its quarterly earnings data on Wednesday, April 3rd. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.15). The firm had revenue of $86.55 million during the quarter, compared to the consensus estimate of $91.48 million. Bassett Furniture Industries had a negative net margin of 1.57% and a negative return on equity of 0.64%.

Separately, StockNews.com cut Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research note on Saturday, April 6th.

Bassett Furniture Industries Stock Down 2.9 %

NASDAQ BSET opened at $13.80 on Tuesday. The stock has a 50-day moving average of $14.14 and a 200 day moving average of $14.86. Bassett Furniture Industries has a twelve month low of $13.02 and a twelve month high of $17.89.

Institutional Trading of Bassett Furniture Industries

A number of institutional investors have recently bought and sold shares of the company. Inspire Advisors LLC boosted its holdings in shares of Bassett Furniture Industries by 8.0% during the first quarter. Inspire Advisors LLC now owns 11,872 shares of the company’s stock worth $175,000 after purchasing an additional 880 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of Bassett Furniture Industries during the fourth quarter valued at approximately $218,000. Assenagon Asset Management S.A. acquired a new position in Bassett Furniture Industries in the 1st quarter worth $224,000. Finally, Empowered Funds LLC lifted its stake in shares of Bassett Furniture Industries by 7.5% in the first quarter. Empowered Funds LLC now owns 22,593 shares of the company’s stock worth $333,000 after acquiring an additional 1,575 shares in the last quarter. 54.40% of the stock is currently owned by hedge funds and other institutional investors.

Bassett Furniture Industries Company Profile

Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Company-Owned Stores, and Corporate and Other. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers.