Hooker Furnishings Q1 2025 GAAP EPS $(0.39) Misses $(0.03) Estimate, Sales $93.571M Miss $94.941M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hooker Furnishings (NASDAQ:HOFT) reported a significant quarterly loss of $(0.39) per share, missing the analyst consensus estimate of $(0.03) by a wide margin. The company's sales also fell short of expectations, reporting $93.571 million against the estimated $94.941 million. Both earnings and sales have seen a substantial decline compared to the same period last year.
June 06, 2024 | 10:01 am
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Hooker Furnishings reported a significant miss in both earnings and sales for Q1 2025. The EPS of $(0.39) was far below the analyst estimate of $(0.03), and sales of $93.571 million missed the $94.941 million estimate. Both metrics have declined substantially compared to the same period last year.
The significant miss in both earnings and sales, combined with a substantial year-over-year decline, is likely to negatively impact the stock price in the short term. Investors may react strongly to the 1200% miss in EPS and the 23.19% decrease in sales.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100