Haverty Furniture Companies Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.11-01

Haverty Furniture Companies (NYSE:HVT) Third Quarter 2024 Results Key Financial Results Revenue: US$175.9m (down 20% from 3Q 2023). Net income: US$4.93m (down 71% from 3Q 2023). Profit margin: 2.8% (...

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The decrease in margin was driven by lower revenue.NYSE:HVT Earnings and Revenue History November 1st 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 9.6%. Earnings per share  also missed analyst estimates by 40%.Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in the US.The company's shares are down 6.7% from a week ago.We don't want to rain on the parade too much, but we did also find 2 warning signs for Haverty Furniture Companies that you need to be mindful of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"HVT":"哈弗蒂家具"},"translate_title":"哈弗蒂家具公司2024年第三季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HVT":0.9},"content_text":"Haverty Furniture Companies (NYSE:HVT) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$175.9m (down 20% from 3Q 2023).\nNet income: US$4.93m (down 71% from 3Q 2023).\nProfit margin: 2.8% (down from 7.8% in 3Q 2023). The decrease in margin was driven by lower revenue.\nEPS: US$0.29 (down from US$1.05 in 3Q 2023).\n\n\n\n\n  NYSE:HVT Earnings and Revenue History November 1st 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nHaverty Furniture Companies Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) also missed analyst estimates by 40%. \n Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in the US. \nPerformance of the American Specialty Retail industry.\n The company's shares are down 6.7% from a week ago. \nRisk Analysis\n We don't want to rain on the parade too much, but we did also find 2 warning signs for Haverty Furniture Companies that you need to be mindful of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480634006"}