Benzinga | Dec 8, 2021 10:11AM EST

Preview: Hooker Furniture's Earnings

Hooker Furniture (NASDAQ:HOFT) is set to give its latest quarterly earnings report on Thursday, 2021-12-09. Here's what investors need to know before the announcement.

Analysts estimate that Hooker Furniture will likely report an Earnings Per Share (EPS) of $0.38.

Hooker Furniture bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed EPS by $0.03, which was followed by a 5.63% drop in the share price the next day.

Here's a look at Hooker Furniture's past performance and the resulting price change:

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021EPS Estimate 0.65 0.21 0.75 0.60EPS Actual 0.62 0.78 0.71 0.84Price Change % -5.63% 9.79% -2.01% -4.38%

Stock Performance

Shares of Hooker Furniture were trading at $24.8 as of December 07. Over the last 52-week period, shares are down 27.65%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here