Bassett Furniture Industries Inc (NASDAQ: BSET) has reported a loss for its first fiscal quarter (ending February 28) of $-0.14 versus $0.16 for the same period a year ago — a decline of -188%. This performance was $-0.33 short of the consensus estimate of $0.19. E.P.S. were $-0.67 for the latest four quarters through February 28 versus $2.42 for the same period a year ago — a decline of -128%.
Recent Price Action
Bassett Furniture Industries Inc (NASDAQ: BSET) stock closed at $14.34 on 4/3/24 after being unchanged was unchanged. Moreover, trading volume in this flat performance was above average at 137% of normal. The stock has declined -4.3% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
BSET is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Bassett Furniture Industries has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Bassett Furniture Industries has a slightly positive Appreciation Score of 63 and a neutral Power Rating of 47, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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