Haverty Furniture (HVT) Earnings Expected to Grow: What to Know Ahead of Q4 Release

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Haverty Furniture, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Haverty Furniture is expected to report quarterly earnings of $0.48 per share, reflecting a year-over-year increase of 2.1% [3]. - Revenues are projected to be $197.47 million, which is a 7.1% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likelihood of actual earnings deviating from consensus estimates, with positive readings being more predictive [9][10]. - Haverty Furniture currently has a Zacks Rank of 4, complicating predictions of an earnings beat [12]. Historical Performance - In the last reported quarter, Haverty Furniture exceeded expectations by delivering earnings of $0.28 per share against an expected $0.24, resulting in a surprise of 16.67% [13]. - Over the past four quarters, the company has consistently beaten consensus EPS estimates [14]. Market Context - The broader retail home furnishings industry is also seeing varied performance, with Floor & Dcor expected to report earnings of $0.36 per share, reflecting a year-over-year decline of 7.7% [18]. - Floor & Dcor's revenue is anticipated to be $1.14 billion, a 2.7% increase from the previous year, but it has a negative Earnings ESP of -1.56% [19][20].