Haverty Furniture Cos Q1 2024 GAAP EPS $0.14 Misses $0.43 Estimate, Sales $183.997M Miss $196.457M Estimate
Portfolio Pulse from Benzinga Newsdesk
Haverty Furniture Cos (NYSE:HVT) reported Q1 2024 earnings of $0.14 per share, missing the $0.43 estimate, and sales of $183.997M, below the $196.457M estimate. This represents a significant decrease from the previous year's earnings and sales.
May 01, 2024 | 9:05 pm
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Haverty Furniture Cos reported a significant miss in both earnings and sales for Q1 2024, with earnings per share at $0.14 compared to the $0.43 estimate and sales at $183.997M versus the expected $196.457M.
The significant miss in both earnings per share and sales compared to analyst estimates, along with a substantial decrease from the previous year's figures, suggests a negative short-term impact on HVT's stock price. The magnitude of the miss and the year-over-year decline are critical factors likely to influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100