Hooker Furniture(HOFT) ZACKS·2024-12-05 13:21Group 1: Earnings Performance - Hooker Furniture reported a quarterly loss of 0.02, marking an earnings surprise of -1,100% [1] - The company posted revenues of 116.83 million a year ago [2] - Over the last four quarters, Hooker Furniture has not surpassed consensus EPS estimates, indicating ongoing challenges in meeting market expectations [2] Group 2: Stock Performance and Outlook - Hooker Furniture shares have declined approximately 31.3% since the beginning of the year, contrasting with the S&P 500's gain of 27.6% [3] - The current consensus EPS estimate for the upcoming quarter is 102.3 million, while for the current fiscal year, it is -390.9 million [7] - The estimate revisions trend for Hooker Furniture is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), suggesting expected underperformance in the near future [6] Group 3: Industry Context - The Furniture industry, to which Hooker Furniture belongs, is currently ranked in the bottom 30% of over 250 Zacks industries, which may negatively impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, highlighting the importance of monitoring these changes [5]