Profile
Sector:
Consumer CyclicalIndustry:
Furnishings, Fixtures & AppliancesCountry:
United StatesIPO:
17 March 1980Website:
http://www.bassettfurniture.comNext earnings report:
N/ALast dividends:
16 May 2024Next dividends:
N/APrice
after hours | Mon, 01 Jul 2024 20:00:24 GMTAnalysts recommendations
Institutional Ownership
BSET Latest News
BASSETT, Va., July 02, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) today announced it will host a conference call with management on Thursday, July 11, 2024, at 9:00 a.m. ET to discuss its second quarter 2024 financial results. The Company will issue its earnings release after the market closes on Wednesday, July 10, 2024. Chairman and Chief Executive Officer Rob Spilman will host the call, along with Chief Financial Officer Mike Daniel.
Bassett's (BSET) second-quarter fiscal 2024 performance is expected to be hurt by the soft home furnishings market.
Bassett's (BSET) first-quarter fiscal 2024 results reflect the dismal performance of its reporting segments due to lower sales volume.
Bassett Furniture (BSET) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.16 per share a year ago.
Bassett's (BSET) first-quarter fiscal 2024 performance is expected to have been hurt by a soft sales environment and inflationary woes.
Bassett Furniture (BSET) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to earnings of $0.61 per share a year ago.
Bassett is facing weak demand and lower earnings due to a poor macroeconomic situation and the divestment of Zenith Freight Lines, completed in 2022. Bassett's future stock performance seems to largely depend on its financial recovery and ability to improve margins. I believe that the stock is currently priced with fair assumptions of future financials, constituting a hold rating.
Earnings are plunging this year.
BSET, DRCT and D have been added to the Zacks Rank #5 (Strong Sell) List on September 29, 2023.
Bassett (BSET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 1(current)
What type of business is Bassett Furniture Industries Incorporated?
Bassett Furniture Industries, Incorporated engages in the manufacture, marketing, and retail of home furnishings in the United States and internationally. It operates through three segments: Wholesale, Retail company-owned Stores, and Logistical Services. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products to a network of company-owned retail stores and licensee-owned stores, and independent furniture retailers; and wood and upholstery operations. As of November 27, 2021, it operated a network of 63 company-owned stores and 34 licensee-owned stores. It also provides shipping, and warehousing services to customers in the furniture industry. In addition, the company owns and leases retail store properties; and distributes its products through other multi-line furniture stores, Bassett galleries or design centers, mass merchants, and specialty stores, as well as sells its products online. Bassett Furniture Industries, Incorporated was incorporated in 1902 and is based in Bassett, Virginia.
What sector is Bassett Furniture Industries Incorporated in?
Bassett Furniture Industries Incorporated is in the Consumer Cyclical sector
What industry is Bassett Furniture Industries Incorporated in?
Bassett Furniture Industries Incorporated is in the Furnishings, Fixtures & Appliances industry
What country is Bassett Furniture Industries Incorporated from?
Bassett Furniture Industries Incorporated is headquartered in United States
When did Bassett Furniture Industries Incorporated go public?
Bassett Furniture Industries Incorporated initial public offering (IPO) was on 17 March 1980
What is Bassett Furniture Industries Incorporated website?
https://www.bassettfurniture.com
Is Bassett Furniture Industries Incorporated in the S&P 500?
No, Bassett Furniture Industries Incorporated is not included in the S&P 500 index
Is Bassett Furniture Industries Incorporated in the NASDAQ 100?
No, Bassett Furniture Industries Incorporated is not included in the NASDAQ 100 index
Is Bassett Furniture Industries Incorporated in the Dow Jones?
No, Bassett Furniture Industries Incorporated is not included in the Dow Jones index
When does Bassett Furniture Industries Incorporated report earnings?
Next earnings report date is not announced yet