Haverty Furniture (HVT) closed on the last trading day at $ 34.22, or + 1.36% from the previous trading session. This change exceeded the 0.85% gain of the S&P 500 on the day.
As of today, shares of the home furnishings and fixtures retailer had lost 4.71% over the past month. At the same time, the Retail-Wholesale sector lost 0.32%, while the S&P 500 lost 0.37%.
Wall Street will research HVT’s positivity as its next earnings report draws near. On that day, HVT is expected to report earnings of $ 1.30 per share, which would represent 34.02% year-over-year growth. Meanwhile, Zacks’ consensus estimate for revenue projects net sales of $ 261 million, up 19.99% from the period last year.
Zacks’ consensus estimates for HVT’s full year project earnings of $ 4.95 per share and revenue of $ 1.01 billion. These results would represent year-over-year variations of + 163.3% and + 35.38%, respectively.
It’s also important to note the recent changes to analyst estimates for the HVT. These revisions help show the ever-changing nature of short-term business trends. Thus, the positive estimate revisions reflect the optimism of analysts about the business and profitability of the company.
Research indicates that these estimate revisions are directly correlated with short-term stock price dynamics. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and provides a clear and actionable scoring model.
Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks Rank system has a proven and externally verified track record of outperformance, with # 1 stocks returning an average of + 25% per year since 1988. The Zacks Consensus The EPS estimate has remained stagnant over the past month. HVT currently has a Zacks rank of # 2 (Buy).
Investors should also take note of HVT’s current valuation metrics, including its forward P / E ratio of 6.82. This represents a discount to its sector’s average forward P / E of 15.66.
The Retail Trade – Home Furnishings segment is part of the Retail-Wholesale segment. This industry currently has a Zacks Industry Rank of 40, which places it in the top 16% of all 250+ industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
Make sure to use Zacks. Com to track all of these stock market metrics, and more, over future trading sessions.
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Haverty Furniture Companies, Inc. (HVT): Free Inventory Analysis Report
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