Bassett Furniture Industries Inc reports results for the quarter ended November 30 - Earnings Summary

• Bassett Furniture Industries Inc BSET.OQ reported quarterly adjusted earnings of 38 cents​​ per share for the quarter ended November 30, higher than the same quarter last year, when the company reported EPS of -47 cents. The mean expectation of two analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -12 cents to 5 cents per share.

• Revenue fell 10.9% to $84.34 million from a year ago; analysts expected $82.82 million.

• Bassett Furniture Industries Inc's reported EPS for the quarter was 38 cents​.

• The company reported quarterly net income of $3.2 million.

• Bassett Furniture Industries Inc shares had risen by 0.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 800% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• Wall Street's median 12-month price target for Bassett Furniture Industries Inc is $19.00

This summary was machine generated from LSEG data January 29 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)