Sidoti Raises Hooker Furnishings Estimates Following Q1 Earnings Beat

Key Facts

1Sidoti increased earnings estimates for Hooker Furnishings for Q1 2028, Q2 2028, and the full year 2028.

2Sidoti analyst A. Lebiedzinski now forecasts $0.21 EPS for Q1 2028.

3The company reported Q1 earnings of $0.10 per share, beating expectations.

Amid a recovery in the home furnishings sector, research firm Sidoti has upwardly revised its earnings per share estimates for Hooker Furnishings for the first and second quarters, as well as the full fiscal year 2028. According to reports, analyst A. Lebiedzinski now forecasts an EPS of $0.21 for Q1 2028. This positive revision follows the company's reported Q1 earnings of $0.10 per share, which beat expectations and was supported by quarterly revenue of $69.45 million.

Despite the improved outlook, the average analyst rating for the stock remains at "Reduce," suggesting caution regarding long-term growth sustainability compared to industry peers. The current results represent a significant swing toward profitability compared to previous periods of operational pressure. Per market data, investors are closely monitoring whether the company can maintain margins amidst fluctuating global consumer confidence, which recently saw a 2.9% decline in the Australian Westpac index this June.

Hooker Furnishings (HOFT) shares stood at $15.35 at close June 12, 2026, having traded between a high of $15.80 and a low of $15.05. Traders are looking ahead to U.S. Existing Home Sales data as a key catalyst for furniture demand. Additionally, the market will watch the upcoming U.S. Consumer Price Index (CPI) release on June 10 to gauge consumer purchasing power and its potential impact on the company's future sales trajectory.