Haverty Furniture Companies Inc HVT.N reported quarterly adjusted earnings of $1.02 per share for the quarter ended in September, lower than the same quarter last year, when the company reported EPS of $1.46. The mean expectation of three analysts for the quarter was for earnings of 91 cents per share. Wall Street expected results to range from 74 cents to $1.00 per share.
Revenue fell 19.7% to $220.35 million from a year ago; analysts expected $227.49 million.
Haverty Furniture Companies Inc's reported EPS for the quarter was $1.02.
The company reported quarterly income of $17.15 million.
Haverty Furniture Companies Inc shares had fallen by 9.5% this quarter and lost 12.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 16.3% in the last three months.
In the last 30 days, two analysts revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," "hold" and "sell" or "strong sell."
The average consensus recommendation for the home furnishings retailers peer group is also "buy"
Wall Street's median 12-month price target for Haverty Furniture Companies Inc is $45.00
This summary was machine generated from LSEG data November 1 at 11:23 p.m. UTC. All figures in US dollars unless otherwise stated.
QUARTER ENDING |
ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
Sep. 30 2023 |
0.91 |
1.02 |
Beat |
Jun. 30 2023 |
0.84 |
0.70 |
Missed |
Mar. 31 2023 |
0.78 |
0.74 |
Missed |
Dec. 31 2022 |
1.30 |
1.42 |
Beat |