Recap: Haverty Furniture Cos Q4 Earnings
Portfolio Pulse from Benzinga Insights
Haverty Furniture Cos (NYSE:HVT) reported Q4 earnings with an EPS of $0.9, missing estimates by 9.09% and a revenue decrease of $69.81 million from the previous year. Despite missing last quarter's EPS estimate, the share price increased by 6.2% the following day. The company has had varied performance over the past quarters, with both revenue and EPS fluctuating.
February 21, 2024 | 9:30 pm
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Haverty Furniture Cos reported a miss in Q4 earnings with an EPS of $0.9, missing estimates by 9.09%, and a significant revenue drop from the previous year.
Missing earnings estimates and reporting a significant revenue drop are negative indicators that could lead to a decrease in investor confidence and potentially lower stock prices in the short term. However, the company's history of share price increase following an earnings miss last quarter adds complexity to the prediction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100