Sidoti Csr Expects Reduced Earnings for Hooker Furnishings

Key Points

• Sidoti Csr has revised down its Q2 2026 earnings estimate for Hooker Furnishings from ($0.15) to ($0.16) per share.
• The company reported a loss of ($0.29) per share in its last quarter, significantly missing the consensus estimate of ($0.16).
• Despite the earnings revisions, Hooker Furnishings has recently received a "hold" rating from Zacks Research, indicating a cautious outlook from analysts.

Hooker Furnishings Corp. (NASDAQ:HOFT - Free Report) - Equities researchers at Sidoti Csr reduced their Q2 2026 earnings per share estimates for shares of Hooker Furnishings in a research note issued on Tuesday, September 2nd. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will post earnings of ($0.16) per share for the quarter, down from their previous forecast of ($0.15). The consensus estimate for Hooker Furnishings' current full-year earnings is ($0.44) per share. Sidoti Csr also issued estimates for Hooker Furnishings' Q4 2026 earnings at $0.31 EPS.

Separately, Zacks Research raised Hooker Furnishings to a "hold" rating in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold".

Hooker Furnishings Stock Down 2.3%

Shares of Hooker Furnishings stock traded down $0.25 on Thursday, hitting $10.55. 3,544 shares of the company traded hands, compared to its average volume of 74,613. Hooker Furnishings has a 12-month low of $7.34 and a 12-month high of $19.79. The company has a quick ratio of 1.96, a current ratio of 3.94 and a debt-to-equity ratio of 0.11. The company has a market cap of $112.86 million, a PE ratio of -9.67, a PEG ratio of 6.00 and a beta of 1.32. The company has a 50-day moving average price of $10.40 and a 200 day moving average price of $10.32.

Hooker Furnishings (NASDAQ:HOFT - Get Free Report) last announced its quarterly earnings data on Thursday, June 12th. The company reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.13). Hooker Furnishings had a negative net margin of 2.95% and a negative return on equity of 3.41%. The company had revenue of $85.32 million for the quarter, compared to analysts' expectations of $88.87 million.

Institutional Investors Weigh In On Hooker Furnishings

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp grew its position in shares of Hooker Furnishings by 0.5% in the fourth quarter. Northern Trust Corp now owns 170,582 shares of the company's stock valued at $2,390,000 after purchasing an additional 889 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Hooker Furnishings by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 6,227 shares of the company's stock valued at $87,000 after purchasing an additional 1,356 shares during the last quarter. Bridgeway Capital Management LLC grew its position in shares of Hooker Furnishings by 1.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 129,987 shares of the company's stock valued at $1,821,000 after purchasing an additional 1,535 shares during the last quarter. Bank of America Corp DE grew its position in shares of Hooker Furnishings by 13.3% in the fourth quarter. Bank of America Corp DE now owns 16,008 shares of the company's stock valued at $224,000 after purchasing an additional 1,875 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Hooker Furnishings by 13.0% in the fourth quarter. Barclays PLC now owns 17,478 shares of the company's stock valued at $244,000 after purchasing an additional 2,015 shares during the last quarter. 73.60% of the stock is owned by institutional investors and hedge funds.

Hooker Furnishings Company Profile

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. It operates in three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand.