BSET Stock Earnings Estimates Decreased by Sidoti

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Research analysts at Sidoti cut their Q1 2027 earnings per share estimates for Bassett Furniture Industries in a research note issued on Monday, September 28th. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $0.23 for the quarter, down from their previous estimate of $0.26. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is $0.87 per share.

Bassett Furniture Industries (NASDAQ:BSET) last posted its quarterly earnings data on Wednesday, September 30th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. The business had revenue of $82.84 million during the quarter, compared to analysts’ expectations of $82.77 million. Bassett Furniture Industries had a return on equity of 3.56% and a net margin of 1.65%.

Several other analysts have also issued reports on the stock. Wall Street Zen upgraded shares of Bassett Furniture Industries from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Zacks Research downgraded shares of Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Finally, Weiss Ratings upgraded Bassett Furniture Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Bassett Furniture Industries Stock Performance

Shares of NASDAQ BSET opened at $17.47 on Tuesday. The firm has a fifty day moving average of $18.76 and a 200 day moving average of $16.83. The firm has a market cap of $151.29 million, a PE ratio of 27.30, a PEG ratio of 1.30 and a beta of 0.77. Bassett Furniture Industries has a one year low of $13.17 and a one year high of $22.26.

Bassett Furniture Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a dividend of $0.20 per share. The ex-dividend date was Friday, August 14th. This represents a $0.80 dividend on an annualized basis and a yield of 4.6%. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently 125.00%.

Institutional Trading of Bassett Furniture Industries

Large investors have recently added to or reduced their stakes in the stock. Motiv8 Investments LLC purchased a new position in shares of Bassett Furniture Industries during the 4th quarter worth $42,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Bassett Furniture Industries during the 4th quarter valued at about $46,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Bassett Furniture Industries in the second quarter valued at about $59,000. Bank of America Corp DE purchased a new stake in shares of Bassett Furniture Industries in the second quarter valued at about $246,000. Finally, Marquette Asset Management LLC acquired a new stake in Bassett Furniture Industries during the second quarter worth about $300,000. 54.40% of the stock is currently owned by hedge funds and other institutional investors.

Bassett Furniture Industries News Summary

Here are the key news stories impacting Bassett Furniture Industries this week:

• Positive Sentiment: Fiscal Q3 earnings were $0.24 per share, well above the $0.13 analyst consensus and up from $0.09 a year earlier. The earnings beat indicates improved profitability compared with the prior-year period. Bassett Furniture Beats Q3 Earnings Estimates
• Positive Sentiment: Revenue of $82.84 million slightly exceeded the $82.77 million estimate, while quarterly profit increased year over year. Bassett Furniture Q3 Profit Climbs
• Neutral Sentiment: The earnings release covers the quarter ended August 29, 2026, giving investors an updated view of operating performance, but it did not by itself establish a stronger outlook for upcoming periods. Bassett Reports Fiscal Third Quarter Results
• Negative Sentiment: Sidoti lowered its Q4 2026 EPS forecast to $0.40 from $0.45, its FY2026 estimate to $0.88 from $0.93, and its FY2027 estimate to $1.59 from $1.62. The revisions suggest analysts see weaker near-term earnings momentum despite the Q3 beat. Sidoti Issues Pessimistic Outlook for BSET Earnings
• Negative Sentiment: Bassett’s reported net margin was only 1.65% and return on equity was 3.56%, highlighting limited profitability. Investors may therefore focus more on the lowered forward estimates than on the quarterly earnings beat.

Bassett Furniture Industries Company Profile

Bassett Furniture Industries, Incorporated is a home furnishings company headquartered in Bassett, Virginia. Founded in 1902, the company built its heritage in wooden furniture and has expanded into a broader range of residential furnishings.

Bassett designs, manufactures, sources and sells products including upholstered furniture, bedroom and dining furniture, occasional tables, home office furnishings, mattresses, rugs, lighting and decorative accessories. Its offerings are marketed under the Bassett brand, with an emphasis on coordinated room collections, customization and design services.

The company serves consumers primarily in the United States through company-owned and licensed Bassett Home Furnishings stores, its website and other retail channels.