Earnings Preview: Haverty Furniture (HVT) Q4 Earnings Expected to Decline

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Haverty Furniture (HVT) due to lower revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Haverty Furniture is expected to report quarterly earnings of $0.17 per share, reflecting a significant year-over-year decrease of 80.9% [3]. - Projected revenues for the quarter are $182.02 million, which is a decline of 13.6% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 27.66% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Haverty Furniture is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +9.09% [10][11]. Earnings Surprise Prediction - A positive Earnings ESP is generally a strong indicator of an earnings beat, especially when combined with a favorable Zacks Rank [8]. - However, Haverty Furniture currently holds a Zacks Rank of 5, complicating the prediction of an earnings beat despite the positive Earnings ESP [11]. Historical Performance - In the last reported quarter, Haverty Furniture was expected to earn $0.48 per share but only achieved $0.29, resulting in a surprise of -39.58% [12]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [13]. Conclusion - While the potential for an earnings beat exists, Haverty Furniture does not appear to be a compelling candidate for such an outcome, and investors should consider other influencing factors before making decisions [16].