Benzinga | Dec 9, 2020 10:03AM EST

Hooker Furniture's Earnings Outlook

On Thursday, December 10, Hooker Furniture (NASDAQ:HOFT) will release its latest earnings report. Decipher the announcement with Benzinga's help.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Hooker Furniture EPS will likely be near $0.62 while revenue will be around $168.95 million, according to analysts. In the same quarter last year, Hooker Furniture posted EPS of $0.3 on sales of $158.18 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

The analyst consensus estimate would represent a 106.67% increase in the company's earnings. Sales would be up 6.81% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019EPS Estimate 0.34 0.02 0.55 0.48EPS Actual 0.48 -0.09 0.59 0.30Revenue Estimate 153.17 M 105.58 M 163.72 M 173.14 MRevenue Actual 130.54 M 104.60 M 164.88 M 158.18 M

Stock Performance

Shares of Hooker Furniture were trading at $32.39 as of December 08. Over the last 52-week period, shares are up 32.69%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Hooker Furniture is scheduled to hold the call at 09:00:00 ET and can be accessed here.