Bassett Furniture Industries (NASDAQ:BSET) Announces Earnings Results, Beats Estimates By $0.11 EPS

Bassett Furniture Industries (NASDAQ:BSET) announced its earnings results on Wednesday. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11, Zacks reports. The firm had revenue of $82.84 million during the quarter, compared to analyst estimates of $82.77 million. Bassett Furniture Industries had a net margin of 2.02% and a return on equity of 4.36%.

Bassett Furniture Industries Price Performance

Bassett Furniture Industries stock opened at $19.06 on Friday. Bassett Furniture Industries has a one year low of $13.17 and a one year high of $22.26. The company’s fifty day moving average price is $18.75 and its two-hundred day moving average price is $16.86. The company has a market capitalization of $165.06 million, a price-to-earnings ratio of 24.13, a PEG ratio of 1.26 and a beta of 0.72.

Bassett Furniture Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.20 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.80 dividend on an annualized basis and a yield of 4.2%. Bassett Furniture Industries’s dividend payout ratio is currently 125.00%.

Wall Street Analyst Weigh In

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

More Bassett Furniture Industries News

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

• Positive Sentiment: Quarterly earnings beat expectations. Bassett reported fiscal Q3 earnings of $0.24 per share, compared with the consensus estimate of $0.13 and $0.09 in the year-ago period. The earnings improvement was supported partly by selling, general and administrative expense savings. Bassett Furniture Beats Q3 Earnings Estimates
• Positive Sentiment: Revenue was slightly ahead of forecasts. Quarterly revenue rose to $82.84 million versus analysts’ expectations of $82.77 million, indicating moderate sales growth despite a weak sector environment. Bassett Furniture Reports Third-Quarter Results
• Positive Sentiment: Management’s cost controls are helping protect profits. Recent analysis highlighted earnings growth through SG&A savings and fairly resilient sales, factors that likely supported the positive investor reaction. Bassett Furniture: Good Q3, But Sector Uncertainty Persists
• Neutral Sentiment: The earnings call provides additional outlook detail. Investors are reviewing management’s comments on sales trends, cost controls and the broader operating environment following the quarterly release. Bassett Furniture Q3 2026 Earnings Call Transcript
• Negative Sentiment: Industry conditions remain challenging. High mortgage rates and weak consumer confidence continue to pressure housing-related and discretionary furniture demand, creating uncertainty around sustained sales growth. Sector Uncertainty Analysis
• Negative Sentiment: Sidoti lowered its earnings forecasts. The firm reduced its FY2026 EPS estimate to $0.88 from $0.93, cut its Q4 estimate to $0.40 from $0.45, and lowered its FY2027 forecast to $1.59 from $1.62, signaling caution about the forward outlook.

About Bassett Furniture Industries

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.