Last week saw the newest quarterly earnings release from Haverty Furniture Companies, Inc. (NYSE:HVT), an important milestone in the company's journey to build a stronger business. The result was positive overall - although revenues of US$189m were in line with what the analysts predicted, Haverty Furniture Companies surprised by delivering a statutory profit of US$0.26 per share, modestly greater than expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Haverty Furniture Companies after the latest results.

Taking into account the latest results, the current consensus from Haverty Furniture Companies' two analysts is for revenues of US$797.2m in 2026. This would reflect a modest 4.0% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to soar 39% to US$1.73. Before this earnings report, the analysts had been forecasting revenues of US$816.1m and earnings per share (EPS) of US$1.95 in 2026. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a substantial drop in earnings per share estimates.

The average price target climbed 10% to US$33.00despite the reduced earnings forecasts, suggesting that this earnings impact could be a positive for the stock, once it passes.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. One thing stands out from these estimates, which is that Haverty Furniture Companies is forecast to grow faster in the future than it has in the past, with revenues expected to display 5.4% annualised growth until the end of 2026. If achieved, this would be a much better result than the 6.9% annual decline over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 6.3% per year. So it looks like Haverty Furniture Companies is expected to grow at about the same rate as the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Sadly, they also downgraded their revenue forecasts, but the business is still expected to grow at roughly the same rate as the industry itself. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

With that in mind, we wouldn't be too quick to come to a conclusion on Haverty Furniture Companies. Long-term earnings power is much more important than next year's profits. We have analyst estimates for Haverty Furniture Companies going out as far as 2027, and you can see them free on our platform here.

Don't forget that there may still be risks.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.