Haverty Furniture (HVT) Lags Q3 Earnings and Revenue Estimates

Company Performance - Haverty Furniture reported quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.48 per share, and down from $1.02 per share a year ago, representing an earnings surprise of -39.58% [1] - The company posted revenues of $175.91 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 8.78%, and down from $220.35 million year-over-year [2] - Over the last four quarters, Haverty Furniture has surpassed consensus EPS estimates only once and has not beaten consensus revenue estimates [2] Stock Performance - Haverty Furniture shares have declined approximately 31.6% since the beginning of the year, contrasting with the S&P 500's gain of 22.3% [3] - The current Zacks Rank for Haverty Furniture is 4 (Sell), indicating expectations of underperformance in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.51 on revenues of $200.8 million, and for the current fiscal year, it is $1.40 on revenues of $756.35 million [7] - The outlook for the Retail - Home Furnishings industry is unfavorable, currently ranking in the bottom 19% of over 250 Zacks industries, which may impact Haverty Furniture's stock performance [8]