What is Sidoti's Estimate for BSET FY2026 Earnings?

Key Points

• Sidoti raised Bassett Furniture’s FY2026 EPS estimate to $1.01 from $0.88, above the $0.93 consensus forecast.
• Sidoti projects continued earnings growth, forecasting FY2027 EPS of $1.39 and FY2028 EPS of $1.70, although its FY2027 estimate was reduced from $1.59.
• Bassett’s latest quarterly results exceeded expectations, with EPS of $0.24 versus the $0.13 consensus, while revenue of $82.84 million was broadly in line with estimates.

Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) - Equities research analysts at Sidoti boosted their FY2026 earnings per share estimates for shares of Bassett Furniture Industries in a report released on Thursday, October 1st. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $1.01 for the year, up from their prior estimate of $0.88. The consensus estimate for Bassett Furniture Industries' current full-year earnings is $0.93 per share. Sidoti also issued estimates for Bassett Furniture Industries' Q1 2027 earnings at $0.21 EPS, Q2 2027 earnings at $0.40 EPS, Q3 2027 earnings at $0.25 EPS, Q4 2027 earnings at $0.53 EPS, FY2027 earnings at $1.39 EPS, Q1 2028 earnings at $0.25 EPS, Q2 2028 earnings at $0.48 EPS, Q3 2028 earnings at $0.33 EPS and FY2028 earnings at $1.70 EPS.

A number of other research analysts also recently issued reports on the company. Freedom Broker upgraded Bassett Furniture Industries from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Zacks Research downgraded shares of Bassett Furniture Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, September 7th. Weiss Ratings raised shares of Bassett Furniture Industries from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, July 14th. Finally, Wall Street Zen upgraded shares of Bassett Furniture Industries from a "hold" rating to a "buy" rating in a research report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Bassett Furniture Industries currently has a consensus rating of "Buy".

Bassett Furniture Industries Price Performance

NASDAQ BSET opened at $20.72 on Monday. The stock's 50-day moving average price is $18.78 and its 200-day moving average price is $16.91. Bassett Furniture Industries has a 52 week low of $13.17 and a 52 week high of $22.26. The company has a market capitalization of $179.23 million, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 1.39 and a beta of 0.72.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last released its quarterly earnings results on Wednesday, September 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.11. The business had revenue of $82.84 million during the quarter, compared to analyst estimates of $82.77 million. Bassett Furniture Industries had a return on equity of 4.36% and a net margin of 2.02%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Bassett Furniture Industries during the 2nd quarter valued at approximately $3,032,000. Bank of New York Mellon Corp purchased a new position in shares of Bassett Furniture Industries in the second quarter worth $1,274,000. Empowered Funds LLC purchased a new position in shares of Bassett Furniture Industries in the second quarter worth $746,000. Hsbc Holdings PLC bought a new position in shares of Bassett Furniture Industries during the second quarter worth $485,000. Finally, Aegis Financial Corp boosted its position in shares of Bassett Furniture Industries by 5.2% during the first quarter. Aegis Financial Corp now owns 526,997 shares of the company's stock worth $7,457,000 after acquiring an additional 25,878 shares during the last quarter. 54.40% of the stock is owned by hedge funds and other institutional investors.

Bassett Furniture Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, August 14th. Bassett Furniture Industries's dividend payout ratio (DPR) is 101.27%.

Key Headlines Impacting Bassett Furniture Industries

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

• Positive Sentiment: Freedom Broker upgraded BSET from “hold” to “strong-buy,” while Wall Street Zen upgraded the shares to “buy.” These ratings changes may improve investor sentiment. Tickerreport.com article American Banking News article
• Positive Sentiment: Sidoti raised its FY2026 EPS forecast to $1.01 from $0.88, above the current full-year consensus estimate of $0.87. The firm also projects FY2028 EPS of $1.70, suggesting substantial longer-term earnings growth.
• Positive Sentiment: Sidoti increased its Q3 2027 EPS estimate modestly to $0.25 from $0.24 and issued forecasts of $0.25, $0.48 and $0.33 for BSET’s first three quarters of 2028.
• Neutral Sentiment: The company’s latest reported quarter showed EPS of $0.24, exceeding analysts’ $0.13 expectation, while revenue of $82.84 million was broadly in line with estimates. This provides a supportive earnings backdrop, although profitability remains modest.
• Negative Sentiment: Sidoti lowered its FY2027 EPS forecast to $1.39 from $1.59. It also cut Q1 2027 EPS to $0.21 from $0.23, Q2 2027 EPS to $0.40 from $0.46, and Q4 2027 EPS to $0.53 from $0.66. These reductions signal some pressure on near-term earnings expectations.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.