BSET Stock Recent News

Bassett's (BSET) second-quarter fiscal 2024 performance is expected to be hurt by the soft home furnishings market.

Bassett, Virginia--(Newsfile Corp. - June 3, 2024) - Bassett Furniture Industries, Inc. (NASDAQ: BSET), announced today that Rob Spilman, Chief Executive Officer and Chairman of the Board, will be presenting at WTR's inaugural Consumer Products Virtual Investor Conference. Mr. Spilman will be participating via a virtual fireside chat with Budd Bugatch, WTR's Head of Consumer Hardlines, on June 6 at 11:15 am ET.

Bassett's (BSET) first-quarter fiscal 2024 results reflect the dismal performance of its reporting segments due to lower sales volume.

Bassett Furniture (BSET) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.16 per share a year ago.

Bassett's (BSET) first-quarter fiscal 2024 performance is expected to have been hurt by a soft sales environment and inflationary woes.

Bassett Furniture (BSET) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to earnings of $0.61 per share a year ago.

Bassett is facing weak demand and lower earnings due to a poor macroeconomic situation and the divestment of Zenith Freight Lines, completed in 2022. Bassett's future stock performance seems to largely depend on its financial recovery and ability to improve margins. I believe that the stock is currently priced with fair assumptions of future financials, constituting a hold rating.

Earnings are plunging this year.

Bassett Furniture (BSET) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.59. This compares to earnings of $0.84 per share a year ago.

Bassett (BSET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.