Haverty Furniture (HVT) Beats Q4 Earnings and Revenue Estimates

Group 1: Earnings Performance - Haverty Furniture reported quarterly earnings of $0.47 per share, exceeding the Zacks Consensus Estimate of$ 0.17 per share, but down from $0.89 per share a year ago [1] - The earnings surprise was 176.47%, while the previous quarter saw a negative surprise of -39.58% [2] - The company posted revenues of$ 184.35 million for the quarter, surpassing the Zacks Consensus Estimate by 1.29%, but down from $210.74 million year-over-year [3] Group 2: Stock Performance and Outlook - Haverty Furniture shares have declined approximately 5% since the beginning of the year, contrasting with the S&P 500's gain of 2.2% [4] - The current consensus EPS estimate for the upcoming quarter is$ 0.17 on revenues of $176.33 million, and for the current fiscal year, it is$ 1.57 on revenues of $746.77 million [8] - The Zacks Rank for Haverty Furniture is currently 5 (Strong Sell), indicating expected underperformance in the near future [7] Group 3: Industry Context - The Retail - Home Furnishings industry, to which Haverty Furniture belongs, is currently ranked in the bottom 45% of over 250 Zacks industries, suggesting a challenging environment [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Haverty's stock performance [6]