Bassett Furniture Indus Q4 EPS $(0.47) Misses $(0.05) Estimate, Sales $94.70M Beat $90.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bassett Furniture Industries (NASDAQ:BSET) reported a Q4 EPS loss of $(0.47), significantly missing the $(0.05) estimate, marking a 177.05% decrease from the $0.61 per share earned in the same period last year. However, the company's quarterly sales of $94.70M exceeded the $90.81M estimate by 4.28%, despite being a 21.75% decrease from the $121.02M reported in the previous year.
January 25, 2024 | 2:07 pm
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Bassett Furniture's Q4 earnings report showed a significant EPS miss and a decrease in year-over-year earnings, but a slight beat on revenue estimates.
The substantial miss on the EPS estimate and the significant decrease in earnings compared to the previous year are likely to negatively impact investor sentiment and the stock price in the short term. The sales beat might provide some cushion, but the overall negative earnings report is expected to have a more substantial effect.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100