Hooker Furnishings (NASDAQ:HOFT) Stock

Hooker Furnishings

Hooker Furnishings Corp designs, imports, manufactures and market residential household furniture, hospitality and contract furniture, lighting, accessories, and home décor for sale to wholesale and retail merchandisers located principally in North America.

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Hooker Furniture (NASDAQ: HOFT) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.

Hooker Furniture Reports Q2 Loss, Tops Revenue Estimates

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Hooker Furniture (NASDAQ: HOFT) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.

Hooker Furniture Reports Q1 Loss, Lags Revenue Estimates

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Hooker Furnishings Corp (NASDAQ: HOFT) reported a third-quarter FY24 sales decline of 22.9% year-on-year to $116.83 million, beating the analyst consensus estimate of $11

Furniture Company Hooker Furnishings Beats On Q3 Despite Housing Market Slowdown; Aligns Inventory Levels With Current Demand

Hooker Furnishings Corporation - Common Stock

Hooker Furnishings Corp

Hooker Furnishings Names Earl Armstrong As Incoming CFO As Paul Huckfeldt Retires And Joins Board Of Directors

Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) reported quarterly losses of $(0.39) per share which missed the analyst consensus estimate of $0.28 by 239.29 percent. This is a 160 percent decrease over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $104.35 million which beat the analyst consensus estimate of $101.35 million by 2.96 percent. This is a 10.68 percent decrease over sales of $116.83 million the same period last year.

Hooker Furnishings Q3 EPS $(0.39) Misses $0.28 Estimate, Sales $104.35M Beat $101.35M Estimate

<h3>Companies Reporting Before The Bell</h3>
• John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLY#NYSE">WLY</a>) is likely to report quarterly earnings at $0.70 per share on revenue of $420.00 million. 
• America's Car-Mart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMT#NASDAQ">CRMT</a>) is projected to report quarterly loss at $0.10 per share on revenue of $344.37 million. 
• Science Applications Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) is expected to report quarterly earnings at $2.16 per share on revenue of $1.93 billion. 
• Patterson Cos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $1.65 billion. 
• Methode Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>) is estimated to report quarterly loss at $0.16 per share on revenue of $268.46 million. 
• Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $1.37 billion. 
• Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) is estimated to report quarterly earnings at $0.94 per share on revenue of $10.14 billion. 
• Korn Ferry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFY#NYSE">KFY</a>) is projected to report quarterly earnings at $1.21 per share on revenue of $675.35 million. 
• Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $187.70 million. 
• Lands' End (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LE#NASDAQ">LE</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $315.21 million. 
• Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is projected to report quarterly earnings at $0.28 per share on revenue of $101.35 million. 
• Toronto-Dominion Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $10.26 billion. 
• GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) is projected to report quarterly earnings at $2.19 per share on revenue of $1.46 billion. 
• Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) is expected to report quarterly loss at $0.12 per share on revenue of $1.71 billion. 
• Duluth Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTH#NASDAQ">DLTH</a>) is expected to report quarterly loss at $0.32 per share on revenue of $134.93 million. 
• Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) is projected to report quarterly earnings at $0.98 per share on revenue of $34.20 billion. 
• Canadian Imperial Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) is likely to report quarterly earnings at $1.26 per share on revenue of $4.67 billion. 
• Caleres (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAL#NYSE">CAL</a>) is estimated to report quarterly earnings at $1.36 per share on revenue of $751.36 million. 
• Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) is likely to report quarterly earnings at $1.73 per share on revenue of $5.98 billion. 
• Brown Forman Inc Class B Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $1.07 billion. 
• John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLYB#NYSE">WLYB</a>) is expected to report earnings for its second quarter. 
• Build-A-Bear Workshop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBW#NYSE">BBW</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $113.40 million. 
• Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) is likely to report earnings for its third quarter. 
• Brown Forman Inc Class A Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is projected to report earnings for its second quarter. 
<h3>Companies Reporting After The Bell</h3>
• Guidewire Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $253.96 million. 
• Victoria's Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) is likely to report quarterly loss at $0.62 per share on revenue of $1.29 billion. 
• UiPath (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) is likely to report quarterly earnings at $0.07 per share on revenue of $347.72 million. 
• Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $133.52 million. 
• Asana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) is expected to report quarterly loss at $0.07 per share on revenue of $180.66 million. 
• Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $222.04 million. 
• Domo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOMO#NASDAQ">DOMO</a>) is estimated to report quarterly loss at $0.15 per share on revenue of $77.55 million. 
• Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $44.30 million. 
• Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) is estimated to report quarterly earnings at $1.26 per share on revenue of $225.60 million. 
• Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) is expected to report quarterly earnings at $2.72 per share on revenue of $2.36 billion. 
• Veeva Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) is likely to report quarterly earnings at $1.58 per share on revenue of $684.34 million. 
• Smartsheet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $283.87 million. 
• GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $188.25 million. 
• HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) is likely to report quarterly earnings at $0.05 per share on revenue of $163.39 million. 
• Tilly's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLYS#NYSE">TLYS</a>) is likely to report quarterly loss at $0.32 per share on revenue of $140.84 million. 
• Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) is projected to report quarterly earnings at $4.52 per share on revenue of $2.50 billion. 
• Rubrik (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) is likely to report quarterly loss at $0.40 per share on revenue of $217.53 million. 
• Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) is projected to report quarterly loss at $0.03 per share on revenue of $1.50 billion. 
• Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $310.56 million. 
• DocuSign (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) is expected to report quarterly earnings at $0.87 per share on revenue of $745.26 million. 
• American Outdoor Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOUT#NASDAQ">AOUT</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $53.23 million. 
• Hewlett Packard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $8.26 billion. 
• Cooper Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) is likely to report quarterly earnings at $1.00 per share on revenue of $1.03 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For December 5, 2024

Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is preparing to release its quarterly earnings on Thursday, 2024-12-05. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Hooker Furnishings to report an earnings per share (EPS) of $0.31.
The announcement from Hooker Furnishings is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Past Earnings Performance</h3>
During the last quarter, the company reported an EPS missed by $0.06, leading to a 1.07% drop in the share price on the subsequent day.
Here's a look at Hooker Furnishings's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2025</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.13</td>
<td>-0.03</td>
<td>0.09</td>
<td>0.25</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.19</td>
<td>-0.39</td>
<td>0.06</td>
<td>0.65</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>-3.0%</td>
<td>-12.0%</td>
<td>5.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1733331684_0.png" alt="eps graph" />
<h3>Performance of Hooker Furnishings Shares</h3>
Shares of Hooker Furnishings were trading at $18.19 as of December 03. Over the last 52-week period, shares are down 19.34%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/HOFT/earnings">To track all earnings releases for Hooker Furnishings visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Uncovering Potential: Hooker Furnishings's Earnings Preview

Hooker Furnishings has entered into a licensing agreement with Margaritaville, the iconic global lifestyle brand, to launch an extensive line of home furnishings that spans various price points and categories. The partnership will include a range of indoor and outdoor furnishings including case goods, upholstery, lighting, and accessories for the residential, contract, and hospitality markets. The agreement includes the flagship Margaritaville brand, as well as Latitude by Margaritaville and Island Reserve by Margaritaville, creating tiered product differentiation that aligns well with Hooker Furnishings' versatile brand portfolio. &nbsp;
Margaritaville is renowned for its multi-faceted brand presence, with consumer touchpoints across hospitality, food and beverage, real estate, gaming, and retail. With 75% of Americans familiar with the brand and its strong international recognition, the partnership represents a tremendous opportunity for Hooker Furnishings to expand Margaritaville's casual, yet premium, lifestyle in the home furnishings market.

Hooker Furnishings Partners with Margaritaville to Launch Home Furniture Line for Indoor and Outdoor Living

Hooker Furniture (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hoft#NASDAQ">HOFT</a>) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -46.15%. A quarter ago, it was expected that this home furnishings company would post a loss of $0.03 per share when it actually produced a loss of $0.39, delivering a surprise of -1,200%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Hooker Furniture, which belongs to the Zacks Furniture industry, posted revenues of $95.08 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 1.65%. This compares to year-ago revenues of $97.81 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Hooker Furniture shares have lost about 40.5% since the beginning of the year versus the S&amp;P 500&#39;s gain of 15.7%.
<h2>What&#39;s Next for Hooker Furniture?</h2>
While Hooker Furniture has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Hooker Furniture: unfavorable. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.23 on $106.38 million in revenues for the coming quarter and $0.01 on $403.85 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Furniture is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Virco Manufacturing Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virc#NASDAQ">VIRC</a>), is yet to report results for the quarter ended July 2024.
This company is expected to post quarterly earnings of $1 per share in its upcoming report, which represents a year-over-year change of +5.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Virco Manufacturing Corporation&#39;s revenues are expected to be $115.9 million, up 8% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2331856/hooker-furniture-hoft-reports-q2-loss-tops-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2331856">To read this article on Zacks.com click here.</a>

Guidance

Hooker Furnishings Says It Will Continue Investing In Expansion Strategies For Improved Profitability And Revenue Growth When Demand Returns

Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) reported quarterly losses of $(0.19) per share which missed the analyst consensus estimate of $(0.13) by 46.15 percent. This is a 371.43 percent decrease over earnings of $0.07 per share from the same period last year. The company reported quarterly sales of $95.08 million which beat the analyst consensus estimate of $93.54 million by 1.65 percent. This is a 2.79 percent decrease over sales of $97.81 million the same period last year.

Earnings Beats

Hooker Furnishings Q2 EPS $(0.19) Misses $(0.13) Estimate, Sales $95.08M Beat $93.54M Estimate

Hooker Furniture (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hoft#NASDAQ">HOFT</a>) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -1,200%. A quarter ago, it was expected that this home furnishings company would post earnings of $0.10 per share when it actually produced earnings of $0.06, delivering a surprise of -40%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Hooker Furniture, which belongs to the Zacks Furniture industry, posted revenues of $93.57 million for the quarter ended April 2024, missing the Zacks Consensus Estimate by 1.44%. This compares to year-ago revenues of $121.82 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Hooker Furniture shares have lost about 33% since the beginning of the year versus the S&amp;P 500&#39;s gain of 12.3%.
What&#39;s Next for Hooker Furniture?
While Hooker Furniture has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Hooker Furniture: unfavorable. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.15 on $106.65 million in revenues for the coming quarter and $1.10 on $456.15 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Furniture is currently in the bottom 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Bassett Furniture (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bset#NASDAQ">BSET</a>), has yet to report results for the quarter ended May 2024.
This furniture seller is expected to post quarterly loss of $0.12 per share in its upcoming report, which represents a year-over-year change of -180%. The consensus EPS estimate for the quarter has been revised 37.5% lower over the last 30 days to the current level.
Bassett Furniture&#39;s revenues are expected to be $86.22 million, down 14.2% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2284427/hooker-furniture-hoft-reports-q1-loss-lags-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2284427">To read this article on Zacks.com click here.</a>

&quot;While we are disappointed to report a rare operating loss this quarter, the loss was almost entirely driven by the sales reductions in each segment, and we strongly believe we&#39;ll return to profitability once demand and revenues rebound,&quot;&nbsp;said Jeremy Hoff, Chief Executive Officer.&nbsp;

Hooker Furnishings Expects To Be Profitable In The Current Fiscal Year And Beyond

Hooker Furnishings Expects Some Short-Term Volatility In Earnings Until The Industry-Wide Downturn Ends

Hooker Furnishings Expects To Finalize And Implement Cost Reduction Plans In Q2; Expects To Realize 10% Reduction In Fixed Costs Beginning In 2H'25

Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) reported quarterly losses of $(0.39) per share which missed the analyst consensus estimate of $(0.03) by 1200 percent. This is a 400 percent decrease over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $93.571 million which missed the analyst consensus estimate of $94.941 million by 1.44 percent. This is a 23.19 percent decrease over sales of $121.815 million the same period last year.

Hooker Furnishings Q1 2025 GAAP EPS $(0.39) Misses $(0.03) Estimate, Sales $93.571M Miss $94.941M Estimate

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Shares of companies within the broader consumer discretionary sector are trading lower amid overall market weakness on rate cut uncertainty.

<h3>Companies Reporting Before The Bell</h3>
&bull; Kore Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KORE#NYSE">KORE</a>) is estimated to report quarterly loss at $0.05 per share on revenue of $77.79 million.
&bull; Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) is estimated to report quarterly earnings at $0.53 per share on revenue of $1.91 billion.
&bull; Conn&#39;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CONN#NASDAQ">CONN</a>) is likely to report quarterly loss at $1.57 per share on revenue of $422.40 million.
&bull; Northern Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTIC#NASDAQ">NTIC</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $21.20 million.
&bull; CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) is estimated to report quarterly earnings at $0.47 per share on revenue of $5.79 billion.
&bull; Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is estimated to report quarterly earnings at $0.09 per share on revenue of $99.69 million.
&bull; Lovesac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) is projected to report quarterly earnings at $1.92 per share on revenue of $265.32 million.
&bull; Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) is estimated to report quarterly earnings at $2.09 per share on revenue of $2.10 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Applied Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) is estimated to report quarterly loss at $0.07 per share on revenue of $51.92 million.
&bull; Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) is expected to report quarterly earnings at $0.75 per share on revenue of $161.60 million.
&bull; Calamos Glb Total (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGO#NASDAQ">CGO</a>) is expected to report quarterly earnings at $2.76 per share on revenue of $753.10 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For April 11, 2024

Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) reported quarterly earnings of $0.06 per share which missed the analyst consensus estimate of $0.10. This is a 103.75 percent increase over losses of $(1.60) per share from the same period last year. The company reported quarterly sales of $96.78 million which missed the analyst consensus estimate of $99.69 million by 2.92 percent. This is a 26.25 percent decrease over sales of $131.23 million the same period last year.

Hooker Furnishings Q4 EPS $0.06 Misses $0.10 Estimate, Sales $96.78M Miss $99.69M Estimate

Thursday marks the last chance for investors to receive the next dividend payout from Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a quarterly dividend of 23 cents per share. On Friday, Hooker Furnishings will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 23 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own HOFT as of the end of Thursday's session are eligible to receive the 23 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 29, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Hooker Furnishings: Dividend Insights

Hooker Furnishings Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hoft#NASDAQ">HOFT</a>) reported a third-quarter FY24 sales decline of 22.9% year-on-year to $116.83 million, beating the <a href="https://www.benzinga.com/pressreleases/23/12/g36129170/hooker-furnishings-posts-double-digit-income-gains-in-third-quarter">analyst consensus estimate of $116.26 million.</a>
The company attributed the revenue decrease to continued soft demand for home furnishings, as well as the company&#39;s exit from the Accentrics Home product line.
Net sales declined in each of the three segments versus the prior year period. Hooker Branded segment sales decreased 31%, Home Meridian declined 13.6%, and Domestic Upholstery plunged 25%.
EPS of $0.65&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/earnings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">beat the analyst consensus of $0.26.</a>
The gross margin expanded by 780 basis points Y/Y to 28.9%. Selling and administrative expenses declined 2.8% Y/Y to $24 million. The company reported an operating income of $8.8 million in the quarter with an operating margin of 7.5%.
The company held $39.8 million in cash and equivalents as of October 29, 2023. Net cash provided by operating activities for nine months totaled $48.8 million.
On December 5, 2023, the company&#39;s board declared a quarterly cash dividend of $0.23 per share, an increase of 4.5%, over the most recent dividend, payable on December 29, 2023, to shareholders of record on December 15, 2023.
&quot;While the housing market slowdown driven by high interest rates, and a shift in consumer discretionary spending away from home furnishings continue to challenge, we&#39;re encouraged by positive indicators like the normalization of ocean freight rates, eased supply chain constraints, more stable raw material costs and increased labor availability,&quot; said CEO Jeremy Hoff.
&quot;As we look to the next quarter, we see flat sales for our higher-priced Hooker Legacy brands as compared to the prior year fourth quarter.&quot;
Price Action: HOFT shares closed lower by 1.08% at $20.09 on Wednesday.
Photo Via Company

Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) reported quarterly earnings of $0.65 per share which beat the analyst consensus estimate of $0.25 by 160 percent. This is a 54.76 percent increase over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $116.83 million which beat the analyst consensus estimate of $116.26 million by 0.49 percent. This is a 22.92 percent decrease over sales of $151.58 million the same period last year.

Hooker Furnishings Q3 EPS $0.65 Beats $0.25 Estimate, Sales $116.83M Beat $116.26M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; IES Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IESC#NASDAQ">IESC</a>) is expected to report earnings for its fourth quarter.
&bull; Lee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEE#NASDAQ">LEE</a>) is expected to report quarterly earnings at $1.40 per share on revenue of $173.40 million.
&bull; Waterdrop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) is likely to report quarterly earnings at $0.02 per share on revenue of $103.05 million.
&bull; DouYu Intl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $184.76 million.
&bull; Urban One (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UONEK#NASDAQ">UONEK</a>) is expected to report earnings for its second quarter.
&bull; Urban One (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UONE#NASDAQ">UONE</a>) is expected to report earnings for its second quarter.
&bull; Methode Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $292.82 million.
&bull; SecureWorks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCWX#NASDAQ">SCWX</a>) is expected to report quarterly loss at $0.07 per share on revenue of $88.98 million.
&bull; Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) is projected to report quarterly earnings at $0.69 per share on revenue of $1.09 billion.
&bull; Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) is expected to report quarterly earnings at $1.19 per share on revenue of $9.65 billion.
&bull; Liquidity Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDT#NASDAQ">LQDT</a>) is expected to report quarterly earnings at $0.00 per share on revenue of $82.73 million.
&bull; Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is projected to report quarterly earnings at $0.25 per share on revenue of $116.26 million.
&bull; GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) is estimated to report quarterly earnings at $2.26 per share on revenue of $1.38 billion.
&bull; 36KR Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRKR#NASDAQ">KRKR</a>) is projected to report earnings for its third quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Applied DNA Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) is estimated to report earnings for its fourth quarter.
&bull; Dynagas LNG Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLNG#NYSE">DLNG</a>) is estimated to report earnings for its third quarter.
&bull; Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) is likely to report quarterly earnings at $10.98 per share on revenue of $9.41 billion.
&bull; Avid Bioservices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDMO#NASDAQ">CDMO</a>) is expected to report quarterly loss at $0.06 per share on revenue of $33.21 million.
&bull; RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) is projected to report quarterly earnings at $0.97 per share on revenue of $756.74 million.
&bull; Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $151.87 million.
&bull; Delta Apparel (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DLA#AMEX">DLA</a>) is expected to report quarterly loss at $0.80 per share on revenue of $97.00 million.
&bull; Guidewire Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) is projected to report quarterly loss at $0.18 per share on revenue of $200.93 million.
&bull; Cooper Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) is projected to report quarterly earnings at $3.48 per share on revenue of $925.03 million.
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This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For December 7, 2023

Press Releases

Hooker Furnishings to Host First Quarter Earnings Call June 6th

Hooker Furnishings Declares Quarterly Dividend

Hooker Furnishings Reports First Quarter Operating Results and Cost Reduction Plan

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