Bassett Furniture Industries (BSET) Expected to Announce Earnings on Wednesday

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) is expected to be posting its Q2 2025 quarterly earnings results after the market closes on Wednesday, July 9th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $82.03 million for the quarter.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last announced its earnings results on Wednesday, April 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.19. Bassett Furniture Industries had a negative return on equity of 0.68% and a negative net margin of 2.04%. The business had revenue of $82.16 million for the quarter, compared to analysts' expectations of $79.71 million. During the same period last year, the firm posted ($0.14) earnings per share. On average, analysts expect Bassett Furniture Industries to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Bassett Furniture Industries Stock Performance

Shares of NASDAQ BSET traded up $1.40 during midday trading on Friday, hitting $17.04. 22,717 shares of the company's stock traded hands, compared to its average volume of 22,540. The firm has a fifty day moving average of $16.47 and a 200 day moving average of $15.55. Bassett Furniture Industries has a 1 year low of $12.11 and a 1 year high of $19.67. The stock has a market capitalization of $148.26 million, a price-to-earnings ratio of -22.72, a price-to-earnings-growth ratio of 1.11 and a beta of 1.19.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BSET. Goldman Sachs Group Inc. grew its position in shares of Bassett Furniture Industries by 97.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,840 shares of the company's stock valued at $379,000 after acquiring an additional 12,258 shares during the period. Jane Street Group LLC lifted its position in Bassett Furniture Industries by 87.9% during the first quarter. Jane Street Group LLC now owns 21,454 shares of the company's stock valued at $327,000 after purchasing an additional 10,037 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in Bassett Furniture Industries by 7.9% during the first quarter. Empowered Funds LLC now owns 28,643 shares of the company's stock valued at $437,000 after purchasing an additional 2,089 shares during the period. 54.40% of the stock is currently owned by institutional investors.

About Bassett Furniture Industries

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.