HVT, US4195961010

Sidoti cuts Haverty Furniture Companies stock estimate to USD 0.47

Published on 10/02/2026 at 22:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sidoti cuts third-quarter earnings estimate to USD 0.47 from USD 0.50 on October 1, 2026. Haverty Furniture Companies stock costs EUR 24.30 on October 2, 2026 after EUR 24.30.

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Sidoti cut Haverty Furniture Companies' third-quarter 2026 earnings-per-share estimate from USD 0.50 to USD 0.47 in a report dated October 1, 2026, according to MarketBeat. The revision puts the furniture retailer's next quarterly earnings expectations below the previous estimate while its second-quarter results had exceeded consensus.

Estimate cut follows earnings beat

For the second quarter of 2026, Haverty Furniture Companies reported revenue of USD 194.94 million and earnings per share of USD 0.25, compared with consensus revenue of USD 189.19 million and consensus earnings per share of USD 0.23, according to MarketBeat. The revenue comparison was USD 5.75 million above consensus, while earnings per share exceeded the estimate by USD 0.02.

Havertys also reported four consecutive quarters of written, delivered and same-store sales growth in its second-quarter business update. The company identifies itself as a full-service home furnishings retailer with more than 125 showrooms across 17 states, according to its investor-relations site.

Design sales meet freight pressure

In a September 27, 2026 report, MarketBeat said second-quarter comparable-store sales increased 8.00 percent and average tickets rose 15.00 percent. Design-related tickets represented 36.50 percent of quarterly revenue, giving the company a higher-value sales channel alongside its showroom network.

The same report identified freight as a margin risk, with container rates up 25.00 percent to 30.00 percent. Havertys is maintaining a gross-margin target of 60.50 percent to 61.00 percent while planning eight store openings and four closures during 2026, which would bring the store count to 133.

Stock remains unchanged after hours

Haverty Furniture Companies was trading at EUR 24.30 at Lang & Schwarz on October 2, 2026 at 10:43 p.m. CEST, unchanged at 0.00 percent versus the prior close of EUR 24.30 on October 1, 2026. The primary listing is on the NYSE, where the finance quote showed USD 27.50 on October 2, 2026, with a 52-week range of USD 19.89 to USD 29.83.