Sidoti Analysts Lower Earnings Estimates for BSET

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Analysts at Sidoti reduced their Q1 2026 earnings estimates for shares of Bassett Furniture Industries in a research report issued to clients and investors on Monday, March 30th. Sidoti analyst A. Lebiedzinski now expects that the company will post earnings per share of $0.15 for the quarter, down from their prior estimate of $0.18. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is $0.75 per share. Sidoti also issued estimates for Bassett Furniture Industries’ Q2 2026 earnings at $0.31 EPS, FY2026 earnings at $1.03 EPS and Q1 2027 earnings at $0.26 EPS.

Several other research analysts also recently weighed in on the stock. Zacks Research downgraded shares of Bassett Furniture Industries from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Bassett Furniture Industries in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Bassett Furniture Industries has an average rating of “Hold”.

Bassett Furniture Industries Price Performance

Shares of NASDAQ BSET opened at $14.19 on Tuesday. The stock has a market cap of $122.74 million, a PE ratio of 20.27, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95. Bassett Furniture Industries has a 1 year low of $13.70 and a 1 year high of $19.75. The firm has a fifty day moving average price of $14.98 and a 200-day moving average price of $15.56.

Bassett Furniture Industries (NASDAQ:BSET) last issued its quarterly earnings results on Wednesday, April 1st. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.06). The firm had revenue of $80.34 million for the quarter, compared to analysts’ expectations of $84.38 million. Bassett Furniture Industries had a net margin of 1.82% and a return on equity of 3.91%.

Hedge Funds Weigh In On Bassett Furniture Industries

A number of hedge funds and other institutional investors have recently modified their holdings of BSET. Russell Investments Group Ltd. increased its holdings in Bassett Furniture Industries by 95.3% in the 4th quarter. Russell Investments Group Ltd. now owns 1,504 shares of the company’s stock valued at $25,000 after acquiring an additional 734 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Bassett Furniture Industries in the 3rd quarter worth $29,000. Group One Trading LLC bought a new position in shares of Bassett Furniture Industries during the 2nd quarter valued at about $30,000. Motiv8 Investments LLC bought a new position in shares of Bassett Furniture Industries during the 4th quarter valued at about $42,000. Finally, Nalls Sherbakoff Group LLC purchased a new position in shares of Bassett Furniture Industries during the fourth quarter valued at about $46,000. Institutional investors own 54.40% of the company’s stock.

Bassett Furniture Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, May 15th. Bassett Furniture Industries’s payout ratio is 114.29%.

More Bassett Furniture Industries News

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

• Positive Sentiment: Sidoti raised its Q1 2027 EPS estimate to $0.26 (from $0.25), signaling some confidence in recovery beyond the current year; this is a modest positive for forward expectations.
• Neutral Sentiment: Bassett filed a formal press release with full Q1 metrics (net margin 1.82%, ROE 3.91%) — the company provided the official results and context investors will parse for guidance and cost trends. Press Release
• Negative Sentiment: Q1 earnings and revenue missed estimates: EPS $0.13 vs. Zacks consensus ~$0.17–$0.19 and revenue $80.34M vs. consensus ~$84.4M. The miss is the primary catalyst for downward pressure on the stock as it raises near‑term profitability concerns. Zacks: Q1 Earnings and Revenues Lag
• Negative Sentiment: Analyst revisions skew negative for FY2026 and near quarters: Sidoti lowered some Q1/Q2 2026 and FY2026 EPS forecasts (FY2026 cut to $1.03 from $1.10), which can pressure sentiment and lower short‑term expectations for earnings growth.
• Negative Sentiment: Market reaction: coverage notes that shares slipped on the quarterly miss, reflecting investor concern over weaker sales and margin compression. Investing.com: Shares Slip

About Bassett Furniture Industries

Bassett Furniture Industries, Inc (NASDAQ: BSET), headquartered in Bassett, Virginia, is a vertically integrated manufacturer and retailer of residential home furnishings. The company designs, produces and markets a range of furniture items, including upholstered seating, wood case goods, bedroom collections, dining room sets and home décor accessories. Bassett is known for its emphasis on craftsmanship, offering both ready-to-assemble pieces and made-to-order products that cater to varying design preferences and space requirements.

Bassett’s products are sold through a dual-channel distribution network comprising company-owned Bassett Home Furnishings stores, a franchise and independent dealer network, and an e-commerce platform that provides online shopping, virtual design consultations and customization tools.