Bassett Furniture (BSET) Surpasses Q4 Earnings and Revenue Estimates

Financial Performance - Bassett Furniture (BSET) reported quarterly earnings of $0.38 per share, significantly exceeding the Zacks Consensus Estimate of $0.05 per share, and up from $0.15 per share a year ago, representing an earnings surprise of 660% [1] - The company posted revenues of $84.34 million for the quarter ended November 2024, surpassing the Zacks Consensus Estimate by 1.80%, but down from year-ago revenues of $94.7 million [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.03 on revenues of $79.24 million, and for the current fiscal year, it is $0.80 on revenues of $335.69 million [7] - The estimate revisions trend for Bassett is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Furniture industry, to which Bassett belongs, is currently ranked in the bottom 14% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Bassett's stock performance [5]