Earnings Preview; Estimates Lowered
Bassett Furniture Industries (NASDAQ: BSET) was featured in a company-sponsored research note published by Sidoti & Company, LLC. The headline of the note reads, “Supply Chain Issues, Higher Costs Likely Hurt 4Q:F21; Favorable Demand, Potential Supply Chain Normalization May Enable F2022, F2023 EPS Gains; Maintain Moderately Risky Rating, $36 Target.”
About Bassett Furniture Industries, Inc.
Bassett Furniture Industries is a leading manufacturer and marketer of high-quality home furnishings. With 97 company and licensee-owned stores at the time of this release, Bassett has leveraged its strong brand name in furniture into a network of corporate and licensed stores that focus on providing consumers with a friendly environment for buying furniture and accessories. Bassett’s retail strategy includes stylish, custom-built furniture that features the latest on-trend furniture styles, free in-home design visits, and coordinated decorating accessories. Bassett also has a traditional wholesale business with more than 700 accounts on the open market, across the United States and internationally and a logistics business specializing in home furnishings. Please visit www.bassettfurniture.com.
About Sidoti & Company, LLC
For over two decades, Sidoti has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $100 million-$5 billion market cap range. The firm’s approach affords companies and institutional clients a combination of high-quality research, a small- and microcap-focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves 500+ institutional clients in North America, including many leading managers of portfolios with $200 million to $2 billion of AUM. Sidoti promotes meaningful interaction between issuers and investors through its conferences (www.sidoti.com/events) and the hundreds of non-deal roadshows hosted each year.
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