<div id="readability-page-1"><ul><li>High-Yield Bassett Furniture Rocks Into Reversal </li></ul><p>Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) - Analysts at Sidoti Csr reduced their Q3 2024 earnings estimates for shares of Bassett Furniture Industries in a research report issued to clients and investors on Monday, July 1st. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings per share of $0.08 for the quarter, down from their prior estimate of $0.10. The consensus estimate for Bassett Furniture Industries' current full-year earnings is $0.23 per share. Sidoti Csr also issued estimates for Bassett Furniture Industries' Q4 2024 earnings at $0.40 EPS and FY2024 earnings at $0.21 EPS.</p><p>Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last released its quarterly earnings data on Wednesday, April 3rd. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.15). The firm had revenue of $86.55 million during the quarter, compared to the consensus estimate of $91.48 million. Bassett Furniture Industries had a negative net margin of 1.57% and a negative return on equity of 0.64%. </p><ul><li>Basset Furniture Quietly Proves Its Value </li></ul><p>Separately, StockNews.com cut Bassett Furniture Industries from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research note on Saturday, April 6th.</p><p><b>View Our Latest Stock Report on Bassett Furniture Industries</b></p><h2>Bassett Furniture Industries Stock Down 2.9 %</h2><ul><li>Bassett Furniture Provides A Bleak Outlook</li></ul><p>NASDAQ BSET opened at $13.80 on Tuesday. The stock has a 50-day moving average of $14.14 and a 200 day moving average of $14.86. Bassett Furniture Industries has a twelve month low of $13.02 and a twelve month high of $17.89. </p><h2>Institutional Trading of Bassett Furniture Industries</h2><p>A number of institutional investors have recently bought and sold shares of the company. Inspire Advisors LLC boosted its holdings in shares of Bassett Furniture Industries by 8.0% during the first quarter. Inspire Advisors LLC now owns 11,872 shares of the company's stock worth $175,000 after purchasing an additional 880 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of Bassett Furniture Industries during the fourth quarter valued at approximately $218,000. Assenagon Asset Management S.A. acquired a new position in Bassett Furniture Industries in the 1st quarter worth $224,000. Finally, Empowered Funds LLC lifted its stake in shares of Bassett Furniture Industries by 7.5% in the first quarter. Empowered Funds LLC now owns 22,593 shares of the company's stock worth $333,000 after acquiring an additional 1,575 shares in the last quarter. 54.40% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Bassett Furniture Industries Company Profile</h2> (Get Free Report)<p>Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Company-Owned Stores, and Corporate and Other. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Bassett Furniture Industries</li><li>Using the MarketBeat Dividend Tax Calculator</li><li>Snowflake Stock Rebounds, Flies Higher on AI Spending</li><li>What is the Euro STOXX 50 Index?</li><li>Complete Solaria, Senti, and POET: 3 High Volume Penny Stocks</li><li>What is a SEC Filing?</li><li>Pfizer Stock is Ready to Stage a Turnaround on GLP-1 Hopes </li></ul> <p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsEstimatesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QlNFVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsEstimatesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QlNFVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Biden Debate Disaster <span><span>(From Banyan Hill Publishing)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD04NjEw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD04NjEw"/></p><h2>Should you invest $1,000 in Bassett Furniture Industries right now?</h2><p>Before you consider Bassett Furniture Industries, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bassett Furniture Industries wasn't on the list.</p><p>While Bassett Furniture Industries currently has a &#34;Hold&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

BSET

<p>Bassett Furniture Industries' Q3 2024 earnings estimate has been reduced by Sidoti Csr. The company is expected to post earnings per share of $0.08 for the quarter, down from the previous estimate of $0.10. The consensus estimate for the company's full-year earnings is $0.23 per share.</p>

Q3 2024 Earnings Estimate for Bassett Furniture Industries, Incorporated Issued By Sidoti Csr (NASDAQ:BSET)