Hooker Furnishings Q2 EPS $(0.19) Misses $(0.13) Estimate, Sales $95.08M Beat $93.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hooker Furnishings reported a Q2 EPS loss of $(0.19), missing the $(0.13) estimate, but sales of $95.08M beat the $93.54M estimate. EPS decreased significantly from last year, while sales saw a slight decline.
September 05, 2024 | 10:02 am
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NEGATIVE IMPACT
Hooker Furnishings reported a Q2 EPS loss of $(0.19), missing the $(0.13) estimate by 46.15%. Sales of $95.08M beat the $93.54M estimate, but both EPS and sales decreased compared to last year.
The significant miss on EPS compared to estimates and the large decrease from last year's EPS are likely to negatively impact the stock price in the short term. Although sales beat estimates, the overall decline in sales from last year adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100