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Bassett Furniture Indus (NASDAQ:BSET) Stock, Chaîne d'Options

Bassett Furniture Indus

Bassett Furniture Industries Inc is a manufacturer, marketer, and retailer of home furnishings products in the United States. It operates through the following segments: The Wholesale segment focuses on the design, manufacture, sourcing, sale, and distribution of furniture products, the Retail segment which consists of company-owned stores, and the Corporate and others segment.

Bassett Furniture Industries, Incorporated - Common Stock

Bassett Furniture Industries Inc

News

BSET

Bassett Announces Says Workforce Reduction Will Result In ~$2.5M In Annual Savings

Guidance

Bassett Says Made Progress On Restructuring Plan Announced In July, On Target To Improve Bottom-line Between $5.5M And $6.5M On Annual Basis

Bassett Furniture Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSET#NASDAQ">BSET</a>) reported quarterly losses of $(0.52) per share which missed the analyst consensus estimate of $(0.38) by 36.84 percent. This is a 73.33 percent decrease over losses of $(0.30) per share from the same period last year. The company reported quarterly sales of $75.62 million which missed the analyst consensus estimate of $80.07 million by 5.56 percent. This is a 13.30 percent decrease over sales of $87.22 million the same period last year.

Earnings

Earnings Misses

Bassett Furniture Indus Q3 2024 GAAP EPS $(0.52) Misses $(0.38) Estimate, Sales $75.62M Miss $80.07M Estimate

Bassett Furniture Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSET#NASDAQ">BSET</a>) will release its quarterly earnings report on Wednesday, 2024-10-09. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Bassett Furniture Indus to report an earnings per share (EPS) of $-0.38.
The announcement from Bassett Furniture Indus is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Overview of Past Earnings</h3>
Last quarter the company missed EPS by $0.71, which was followed by a 5.05% increase in the share price the next day.
Here's a look at Bassett Furniture Indus's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.11</td>
<td>0</td>
<td>-0.05</td>
<td>-0.58</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.82</td>
<td>-0.14</td>
<td>0.15</td>
<td>-0.30</td>
</tr>
<tr>
<td>Price Change %</td>
<td>5.0%</td>
<td>-0.0%</td>
<td>-2.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1728396052_0.png" alt="eps graph" />
<h3>Bassett Furniture Indus Share Price Analysis</h3>
Shares of Bassett Furniture Indus were trading at $14.21 as of October 04. Over the last 52-week period, shares are down 5.89%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/BSET/earnings">To track all earnings releases for Bassett Furniture Indus visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Bassett Furniture Indus

MillerKnoll, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlkn#NASDAQ">MLKN</a>) is set to release its first-quarter fiscal 2025 results on Sept. 19, 2024, after market close.
In the last reported quarter, the company&#39;s earnings topped the Zacks Consensus Estimate by 26.4% and increased 63.4% year over year. Net sales missed the consensus mark by 1.1% and declined 7.1% year over year.
MillerKnoll&#39;s earnings topped the consensus mark in each of the last four quarters, the average surprise being 29.6%.
<div class="chart_embed">
<h3>MillerKnoll, Inc. Price and EPS Surprise</h3>
<img alt="MillerKnoll, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/9b/1726648908.png" style="height:263px; width:538px" title="" />
MillerKnoll, Inc. price-eps-surprise | MillerKnoll, Inc. Quote
</div>
<h2>MLKN&#39;s Estimate Revision Trend</h2>
The Zacks Consensus Estimate for the company&#39;s fiscal first-quarter earnings per share has remained unchanged at 42 cents over the past 60 days. The current estimate suggests 13.5% growth from the year-ago quarter&#39;s reported EPS value of 37 cents.
The consensus mark for net sales is $892 million, indicating a 2.8% year-over-year decrease.
<h2>Factors to Note For MLKN&#39;s Q1</h2>
MillerKnoll&#39;s net sales are expected to have declined year over year in the fiscal first quarter due to a notable decline in sales volume on the back of the soft North American housing market. These ongoing market challenges are particularly evident from the Americas Contract and Global Retail segments&#39; fiscal fourth-quarter performance.
For the fiscal first quarter, the company also expects net sales between $872 million and $912 million, reflecting a slight year-over-year decline of approximately 2.8% at the midpoint. In the year-ago quarter, the company&#39;s net sales were $917.7 million.
Nonetheless, MillerKnoll has been navigating a challenging market backdrop with improvements in margins and operational efficiency, supported by product innovation and integration synergies from Knoll. The realization of price optimization strategies, improved freight, distribution and inventory management and benefits from its ongoing synergy efforts are likely to have driven margins. MLKN projects an adjusted gross margin within the 39-40% range for the quarter, up from 39% from the previous year.
Adjusted operating expenses are anticipated to be between $291 million and $301 million, down from $302.7 million reported a year ago. The company expects adjusted EPS in the range of 38-44 cents for the quarter, up from 37 cents reported in the year-ago quarter.
<h2>What Our Quantitative Model Predicts for MLKN&#39;s Q1</h2>
Our proven model does not conclusively predict an earnings beat for MLKN this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that&#39;s not the case here, as you will see below.
Earnings ESP: The company has an Earnings ESP of 0.00%.
Zacks Rank: MillerKnoll currently carries a Zacks Rank #3.
<h2>Peer Releases</h2>
Virco Manufacturing Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virc#NASDAQ">VIRC</a>) reported mixed second-quarter fiscal 2024 (ended July 31, 2024) results, wherein earnings surpassed the Zacks Consensus Estimate but sales missed the same.
Going forward, VIRC aims to seek potential acquisition opportunities to expand and strengthen its current business capabilities. Also, along with driving its prospects, Virco expects to add shareholder value through quarterly dividends and share repurchases.
Bassett Furniture Industries, Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bset#NASDAQ">BSET</a>) reported tepid second-quarter fiscal 2024 (ended June 1, 2024) results, with earnings and net sales missing the Zacks Consensus Estimate and declined year over year.
BSET announced a restructuring plan to better align its cost structure for future growth. This strategy leverages Bassett&#39;s brand quality, design expertise and service. The focus is on driving long-term revenue growth and profitability.
Culp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/culp#NYSE">CULP</a>) reported mixed results in fourth-quarter fiscal 2024 (ended April 28, 2024). Its adjusted loss was narrower than the Zacks Consensus Estimate while net sales marginally missed the same. On a year-over-year basis, net sales declined and the adjusted loss widened.
The quarterly results reflect softness in industry demand for CULP&#39;s reportable businesses due to ongoing macroeconomic headwinds and the timing of orders, due to many larger customers experiencing prolonged conditions beginning in January. Nonetheless, initiatives to lower manufacturing costs and execute operational excellence aided the bottom line to some extent. Culp intends to work on its restructuring plan as it believes this will enable it to grow more efficiently and profitably, with a lower level of fixed costs.
<a href="https://www.zacks.com/stock/news/2337745/millerknoll-to-report-q1-earnings-what-s-in-the-cards?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2337745">To read this article on Zacks.com click here.</a>

Dividends

Small Cap

Markets

Analyst Ratings

Trading Ideas

CULP

MLKN

VIRC

MillerKnoll to Report Q1 Earnings: What's in the Cards?

Although U.S. stocks closed higher on Wednesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions </a>platform.
<h3 class="wp-block-heading">Appian</h3>
<ul>
<li>The Trade: Appian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPN#NASDAQ">APPN</a>) 10% owner Colin T. Moran <a href="https://www.benzinga.com/quote/APPN/analyst-ratings">acquired a total of 437,187 shares </a> at an average price of $29.04. To acquire these shares, it cost around $12.8 million.</li>
<li>What's Happening: On Aug. 1, Appian posted upbeat quarterly results.</li>
<li>What Appian Does: Appian is a low-code enterprise platform-as-a-service company focusing on business process management.</li>
</ul>
<h3 class="wp-block-heading">Pebblebrook Hotel Trust</h3>
<ul>
<li>The Trade: Pebblebrook Hotel Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) Chairman and CEO Jon E Bortz acquired a total of 30,000 shares at an average price of $12.24. To acquire these shares, it cost around $367,340.</li>
<li>What's Happening: On July 24, Pebblebrook Hotel posted upbeat quarterly earnings.</li>
<li>What Pebblebrook Hotel Trust Does: Pebblebrook Hotel Trust currently owns upper upscale and luxury hotels with 11,924 rooms across 46 hotels in the United States.</li>
</ul>
<h3 class="wp-block-heading">Warby Parker</h3>
<ul>
<li>The Trade: Warby Parker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRBY#NYSE">WRBY</a>) Director Bradley E Singer <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 75,000 shares</a> at an average price of $12.88. To acquire these shares, it cost around $965,750.</li>
<li>What's Happening: On Aug. 8, Warby Parker reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance.</li>
<li>What Warby Parker Does: Warby Parker Inc is engaged in designing and developing designer prescription glasses and contacts, and providing the facility of eye exams and vision tests.</li>
</ul>
<h3 class="wp-block-heading">Bassett Furniture Industries</h3>
<ul>
<li>The Trade: Bassett Furniture Industries, Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSET#NASDAQ">BSET</a>) Chairman and CEO Robert H Spilman Jr <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 1,700 shares</a> at an average price of $12.74. The insider spent around $21,656 to buy those shares.</li>
<li>What's Happening: On July 10, Bassett Furniture posted weak quarterly results.</li>
<li>What Bassett Furniture Industries Does: Bassett Furniture Industries Inc is a manufacturer, marketer, and retailer of home furnishings products in the United States.</li>
</ul>
Check This Out:
<ul>
<li> <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40368892/jim-cramer-avoid-middle-market-plays-like-golub-capital-buy-mueller-industries-it-is-fan">Jim Cramer: &#8216;Avoid Middle Market Plays&#8217; Like Golub Capital, Buy Mueller Industries — &#8216;It Is Fantastic&#8217;</a></li>
</ul>

Long Ideas

Insider Trades

Pre-Market Outlook

APPN

WRBY

Around $13M Bet On Appian? Check Out These 3 Stocks Insiders Are Buying

Bassett Says Cybersecurity Incident Has Had And Is Reasonably Likely To Continue To Have Material Impact On Its Business Operations Until Recovery Efforts Are Completed

Upon detecting the unauthorized occurrences, the Company immediately began taking steps to contain, assess and remediate the incident, including beginning an investigation, activating its incident response plan, and shutting down some systems. The threat actor disrupted the Company&rsquo;s business operations by encrypting some data files.
As a result of the Company&rsquo;s containment measures, which included shutting down some systems, the Company has not been, and, as of the date of this report is not operating its manufacturing facilities.
The Company&rsquo;s retail stores and e-commerce platform are open, and customers are able to place orders and purchase available merchandise; however, the Company&rsquo;s ability to fulfill orders is currently impacted.
At this time, the Company does not believe personal information from consumers was compromised.&nbsp;As the investigation of the incident is ongoing, the full scope, nature and impact of the incident are not yet known.

Bassett Furniture Industries Says On July 10, 2024, It Detected Unauthorized Occurrences On Portion Of Its IT Systems - Filing

Bassett Furniture (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bset#NASDAQ">BSET</a>) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -58.33%. A quarter ago, it was expected that this furniture seller would post earnings of $0.01 per share when it actually produced a loss of $0.14, delivering a surprise of -1,500%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Bassett, which belongs to the Zacks Furniture industry, posted revenues of $83.41 million for the quarter ended May 2024, missing the Zacks Consensus Estimate by 3.25%. This compares to year-ago revenues of $100.52 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Bassett shares have lost about 20.5% since the beginning of the year versus the S&amp;P 500&#39;s decline of -87.9%.
What&#39;s Next for Bassett?
While Bassett has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Bassett: unfavorable. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.08 on $92.92 million in revenues for the coming quarter and $0.21 on $369.01 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Furniture is currently in the bottom 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
WillScot (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wsc#NASDAQ">WSC</a>), another stock in the same industry, has yet to report results for the quarter ended June 2024.
This maker of portable classrooms, mobile offices and storage units is expected to post quarterly earnings of $0.39 per share in its upcoming report, which represents a year-over-year change of -9.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
WillScot&#39;s revenues are expected to be $613.32 million, up 5.4% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2299538/bassett-furniture-bset-reports-q2-loss-misses-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2299538">To read this article on Zacks.com click here.</a>

Bassett Furniture Reports Q2 Loss, Misses Revenue Estimates

Storied home furnishings company taps Domo's AI and data platform to uncover new trends and insights, modernize its operations and meet the changing needs of today's customers
Today, <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.domo.com%2F%3Futm_source%3Dwire%26utm_medium%3Dpr%26utm_campaign%3DPR_Bassett_Furniture_Builds_Data_Culture_Domo%26campid%3D701Vq000001ztWzIAI&amp;esheet=54092885&amp;newsitemid=20240710565590&amp;lan=en-US&amp;anchor=Domo&amp;index=1&amp;md5=a2d670b0986be13403f9576ba370ace5">Domo</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOMO#NASDAQ">DOMO</a>) announced that <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bassettfurniture.com%2F&amp;esheet=54092885&amp;newsitemid=20240710565590&amp;lan=en-US&amp;anchor=Bassett+Furniture+Industries%2C+Inc.&amp;index=2&amp;md5=0f401000115cdffbd7226845b35abb0b">Bassett Furniture Industries, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSET#NASDAQ">BSET</a>) integrates Domo throughout its operations – from corporate headquarters to retail stores and its distribution team – to power data-driven decisions. Bassett Furniture started working with Domo in 2020 and now uses real-time data to engage retailers, select the right merchandise for a specific region, reduce unnecessary inventory and maximize retail space.

DOMO

Bassett Furniture Integrates Domo Throughout Its Operations, From Corporate Headquarters To Retail Stores And Its Distribution Team

Bassett Furniture Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSET#NASDAQ">BSET</a>) reported quarterly losses of $(0.82) per share which missed the analyst consensus estimate of $(0.11) by 645.45 percent. This is a 441.67 percent decrease over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $83.41 million which missed the analyst consensus estimate of $86.99 million by 4.12 percent. This is a 17.02 percent decrease over sales of $100.52 million the same period last year.

Bassett Furniture Indus Q2 EPS $(0.82) Misses $(0.11) Estimate, Sales $83.41M Miss $86.99M Estimate

Bassett Furniture Increases Quarterly Dividend 11% From $0.18 To $0.20 Per Share

Hooker Furniture (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hoft#NASDAQ">HOFT</a>) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -1,200%. A quarter ago, it was expected that this home furnishings company would post earnings of $0.10 per share when it actually produced earnings of $0.06, delivering a surprise of -40%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Hooker Furniture, which belongs to the Zacks Furniture industry, posted revenues of $93.57 million for the quarter ended April 2024, missing the Zacks Consensus Estimate by 1.44%. This compares to year-ago revenues of $121.82 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Hooker Furniture shares have lost about 33% since the beginning of the year versus the S&amp;P 500&#39;s gain of 12.3%.
What&#39;s Next for Hooker Furniture?
While Hooker Furniture has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Hooker Furniture: unfavorable. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.15 on $106.65 million in revenues for the coming quarter and $1.10 on $456.15 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Furniture is currently in the bottom 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Bassett Furniture (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bset#NASDAQ">BSET</a>), has yet to report results for the quarter ended May 2024.
This furniture seller is expected to post quarterly loss of $0.12 per share in its upcoming report, which represents a year-over-year change of -180%. The consensus EPS estimate for the quarter has been revised 37.5% lower over the last 30 days to the current level.
Bassett Furniture&#39;s revenues are expected to be $86.22 million, down 14.2% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2284427/hooker-furniture-hoft-reports-q1-loss-lags-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2284427">To read this article on Zacks.com click here.</a>

HOFT

Hooker Furniture Reports Q1 Loss, Lags Revenue Estimates

Although U.S. stocks closed higher on Friday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Eagle Bulk Shipping </h3>
<ul>
<li>The Trade: Eagle Bulk Shipping Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/egle#NYSE">EGLE</a>) 10% owner Castor Maritime Inc. <a href="https://www.benzinga.com/quote/EGLE/analyst-ratings"> acquired a total of 169,635 shares </a> an average price of $62.81. To acquire these shares, it cost around $10.65 million.</li>
<li>What&rsquo;s Happening: On April 5, Eagle shareholders approved merger with Star Bulk.</li>
<li>What Eagle Bulk Shipping Does: Eagle Bulk Shipping Inc is a U.S.-based, fully integrated shipowner-operator, providing transportation solutions to miners, producers, traders and end users across the globe.</li>
</ul>
<h3>SentinelOne </h3>
<ul>
<li>The Trade: SentinelOne, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/s#NYSE">S</a>) Director Mark S Peek acquired a total of 10,000 shares at an average price of $22.36. To acquire these shares, it cost around $223,596.</li>
<li>What&rsquo;s Happening: On April 1, JMP Securities analyst Trevor Walsh reiterated SentinelOne with a Market Outperform and maintained a $33 price target.</li>
<li>What SentinelOne Does: SentinelOne is a cloud-based cybersecurity company specializing in endpoint protection. SentinelOne&#39;s primary offering is its Singularity platform that offers a single pane of glass for an enterprise to detect and respond to security threats attacking its IT infrastructure.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Bassett Furniture Industries </h3>
<ul>
<li>The Trade: Bassett Furniture Industries, Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bset#NASDAQ">BSET</a>) Director John Walter McDowell <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 1,000 shares </a> at an average price of $14.67. To acquire these shares, it cost around $14,667.</li>
<li>What&rsquo;s Happening: On April 3, Bassett Furniture posted downbeat quarterly sales.</li>
<li>What Bassett Furniture Industries Does: Bassett Furniture Industries Inc is a manufacturer, marketer, and retailer of home furnishings products in the United States.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38109064/these-3-tech-and-telecom-stocks-with-over-6-dividend-yields-are-recommended-by-wall-stre"> These 3 Tech And Telecom Stocks With Over 6% Dividend Yields Are Recommended By Wall Street&#39;s Most Accurate Analysts </a>

EGLE

Over $10M Bet On This Industrial Stock? Check Out These 3 Stocks Insiders Are Buying

Bassett Furniture Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSET#NASDAQ">BSET</a>) reported quarterly losses of $(0.14) per share which missed the analyst consensus estimate of $0.01 by 1500 percent. The company reported quarterly sales of $86.554 million which missed the analyst consensus estimate of $90.890 million by 4.77 percent. This is a 19.63 percent decrease over sales of $107.698 million the same period last year.

Bassett Furniture Indus Q1 2024 GAAP EPS $(0.14) Misses $0.01 Estimate, Sales $86.554M Miss $90.890M Estimate

Bassett Furniture Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSET#NASDAQ">BSET</a>) reported quarterly losses of $(0.47) per share which missed the analyst consensus estimate of $(0.05) by 840 percent. This is a 177.05 percent decrease over earnings of $0.61 per share from the same period last year. The company reported quarterly sales of $94.70 million which beat the analyst consensus estimate of $90.81 million by 4.28 percent. This is a 21.75 percent decrease over sales of $121.02 million the same period last year.

Earnings Beats

Bassett Furniture Indus Q4 EPS $(0.47) Misses $(0.05) Estimate, Sales $94.70M Beat $90.81M Estimate

Bassett Furniture Industries Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bset#NASDAQ">BSET</a>) reported a<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/09/g34974382/bassett-announces-fiscal-third-quarter-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">&nbsp;third-quarter FY23 sales decline of 26%&nbsp;</a>year-on-year to $87.22 million, beating the analyst consensus estimate of $86.95 million.
Sales from Wholesale fell 28%% Y/Y, and Retail decreased by 26%.
Gross margin expanded 10 basis points to 51.6%. Selling, general and administrative expenses dropped 10.6% Y/Y to $48.8 million.
The operating loss for the quarter totaled $(3.8) million compared to an operating income of $10.6 million.
EPS of $(0.30)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/earnings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">beat the consensus of $(0.58).</a>
Bassett Furniture held $65.8 million in cash and equivalents as of August 26, 2023. Operating cash flow for nine months totaled $10.2 million.
&quot;We first began to see signs of a slowdown in the third quarter of 2022 and this year&#39;s period represented another 4.6% decline in wholesale orders,&quot; said Chairman and CEO Robert H. Spilman.
&quot;Despite this softness, we continue to maintain a strong balance sheet while executing on the elements of our growth plans with the expectation of returning to profitability.&quot;
Price Action: BSET shares are trading higher by 1.77% at $14.40 on the last check Thursday.
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Bassett Furniture Q3: Earnings Beat, 26% Sales Decline, Lower Orders & More

Bassett Furniture Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSET#NASDAQ">BSET</a>) reported quarterly losses of $(0.30) per share which beat the analyst consensus estimate of $(0.58) by 48.28 percent. This is a 135.71 percent decrease over earnings of $0.84 per share from the same period last year. The company reported quarterly sales of $87.22 million which beat the analyst consensus estimate of $86.95 million by 0.31 percent. This is a 26.09 percent decrease over sales of $118.01 million the same period last year.

Bassett Furniture Indus Q3 EPS $(0.30) Beats $(0.58) Estimate, Sales $87.22M Beat $86.95M Estimate

Bassett Furniture Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSET#NASDAQ">BSET</a>) is set to give its latest quarterly earnings report on Thursday, 2023-09-28. Here's what investors need to know before the announcement.
Analysts estimate that Bassett Furniture Indus will report an earnings per share (EPS) of $-0.58. 
Bassett Furniture Indus bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.21, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Bassett Furniture Indus's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.03</td>
<td>0.24</td>
<td>0.37</td>
<td>0.64</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.24</td>
<td>0.16</td>
<td>0.61</td>
<td>0.84</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>-1.0%</td>
<td>-1.32%</td>
<td>-3.09%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1695823269_0_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Bassett Furniture Indus were trading at $14.05 as of September 26. Over the last 52-week period, shares are down 12.3%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/BSET/earnings">To track all earnings releases for Bassett Furniture Indus visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Bassett Furniture Indus

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Press Releases

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Bassett Reports Fiscal Third Quarter Results, Updates Progress on Restructuring Plan and Announces Regular Quarterly Dividend

Bassett Announces Additional Cost Structure Reductions and Updates Progress on Restructuring Plan

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