Haverty Furniture Companies Inc reports results for the quarter ended in September - Earnings Summary

Haverty Furniture Companies

01/11/2023 23:23

* 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 net 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 negatively 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," no
"hold" and no "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