Bassett Furniture Industries (NASDAQ:BSET) Posts Earnings Results, Beats Expectations By $0.11 EPS

Posted by Stanley Muller on Oct 1st, 2026

Bassett Furniture Industries (NASDAQ:BSET – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.11, Zacks reports. The business had revenue of $82.84 million for the quarter, compared to analysts’ expectations of $82.77 million. Bassett Furniture Industries had a net margin of 1.65% and a return on equity of 3.56%.

Bassett Furniture Industries Stock Down 3.2%

Bassett Furniture Industries stock opened at $17.47 on Thursday. Bassett Furniture Industries has a 52-week low of $13.17 and a 52-week high of $22.26. The firm has a market capitalization of $151.29 million, a price-to-earnings ratio of 27.30, a PEG ratio of 1.30 and a beta of 0.77. The company has a fifty day simple moving average of $18.76 and a 200-day simple moving average of $16.83.

Bassett Furniture Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders 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 4.6%. The ex-dividend date of this dividend was Friday, August 14th. Bassett Furniture Industries’s payout ratio is 125.00%.

Bassett Furniture Industries News Summary

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

Positive Sentiment: Bassett reported quarterly earnings of $0.24 per share, well above the $0.13 analyst consensus and up from $0.09 in the year-ago quarter. The result indicates stronger-than-expected profitability. Bassett Furniture Beats Q3 Earnings Estimates
Positive Sentiment: Fiscal-third-quarter revenue was $82.84 million, narrowly exceeding the $82.77 million consensus estimate. The combination of revenue growth and the earnings beat is the primary reason investors may view the report positively. Bassett Furniture Industries Fiscal Q3 Earnings, Revenue Rise
Neutral Sentiment: Despite the improved quarterly profit, Bassett’s reported net margin was only 1.65% and return on equity was 3.56%, suggesting that profitability remains modest and could limit the durability of the earnings improvement. Bassett Furniture Reports Third-Quarter and Nine-Month Results
Negative Sentiment: Sidoti reduced its fiscal 2026 EPS forecast to $0.88 from $0.93, cut its fourth-quarter estimate to $0.40 from $0.45, and lowered its fiscal 2027 forecast to $1.59 from $1.62. These revisions signal concerns about future earnings momentum, partially offsetting the quarterly beat. Bassett Furniture Analyst Estimate Revisions

Analyst Ratings Changes

Several equities analysts recently issued reports on BSET shares. Weiss Ratings upgraded shares of Bassett Furniture Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. Zacks Research lowered shares of Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Finally, Wall Street Zen raised shares of Bassett Furniture Industries from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Report on BSET

Bassett Furniture Industries Company Profile

(Get Free Report)

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.