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Sergey Savastiouk's Avatar
published in Blogs
Jun 30, 2022

Bassett Furniture (BSET, $17.13) beats fiscal Q2 earnings expectations

Bassett Furniture Industries Inc. reported fiscal second-quarter earnings of  $0.81 per share that exceeded the consensus of $0.45.

Revenue grew + 17% year-on-year to $128.71 million, exceeding  the consensus of $117.38 million.

Wholesale sales climbed +15.3% Y/Y, while Retail increased by +21%.

Gross margin fell -70 basis points to 51.2%. However, the operating margin widened from 6.4% in the year-ago period  to 8.6% in the quarter.  Operating income for the quarter surged +55.4%  year-over-year to $11 million.

Related Ticker: BSET

BSET in +3.69% Uptrend, advancing for three consecutive days on March 27, 2025

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BSET advanced for three days, in of 288 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on March 28, 2025. You may want to consider a long position or call options on BSET as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 246 cases where BSET Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for BSET moved out of overbought territory on March 03, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 55 cases where BSET's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for BSET turned negative on March 14, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BSET declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.721) is normal, around the industry mean (7.048). P/E Ratio (21.096) is within average values for comparable stocks, (29.603). Projected Growth (PEG Ratio) (1.252) is also within normal values, averaging (1.278). Dividend Yield (0.047) settles around the average of (0.030) among similar stocks. P/S Ratio (0.338) is also within normal values, averaging (1.000).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BSET’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Notable companies

The most notable companies in this group are Whirlpool Corp (NYSE:WHR), iRobot Corp (NASDAQ:IRBT).

Industry description

The home furnishings industry includes companies that sell items like furniture, appliances, rugs, cooking utensils, and art objects. According to Mordor Intelligence, the U.S. home decor market is estimated to grow at CAGR 7.5% between 2019 and 2024. The market is being increasingly penetrated by e-commerce and m-commerce, while growing urbanization, and, consumers’ rising interest towards home decor are driving demand for the industry. Mohawk Industries, Inc., La-Z-Boy Incorporated, Leggett & Platt, Incorporated are some of the prominent companies in this space. Being usually discretionary for consumers, demand for furnishings could be affected by macroeconomic cycles.

Market Cap

The average market capitalization across the Home Furnishings Industry is 2.89B. The market cap for tickers in the group ranges from 1.04K to 30.25B. HRSHF holds the highest valuation in this group at 30.25B. The lowest valued company is KMFI at 1.04K.

High and low price notable news

The average weekly price growth across all stocks in the Home Furnishings Industry was -2%. For the same Industry, the average monthly price growth was -8%, and the average quarterly price growth was -15%. LUVU experienced the highest price growth at 17%, while VIOT experienced the biggest fall at -34%.

Volume

The average weekly volume growth across all stocks in the Home Furnishings Industry was -5%. For the same stocks of the Industry, the average monthly volume growth was 25% and the average quarterly volume growth was 106%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 52
Price Growth Rating: 67
SMR Rating: 72
Profit Risk Rating: 83
Seasonality Score: 5 (-100 ... +100)
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published General Information

General Information

a retailer of imports home furnishings

Industry HomeFurnishings

Profile
Fundamentals
Details
Industry
Home Furnishings
Address
3525 Fairystone Park Highway
Phone
+1 276 629-6000
Employees
1389
Web
https://www.bassettfurniture.com
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