Somewhat Favorable Media Coverage Extremely Likely to Affect Hooker Furniture (HOFT) Stock Price

News articles about Hooker Furniture (NASDAQ:HOFT) have been trending somewhat positive on Monday, according to AlphaOne Sentiment. AlphaOne, a division of Accern, rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hooker Furniture earned a media sentiment score of 0.12 on AlphaOne’s scale. AlphaOne also gave news articles about the company an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the next few days.

Hooker Furniture (NASDAQ:HOFT) last posted its quarterly earnings results on Thursday, April 6th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.31. Hooker Furniture had a return on equity of 11.54% and a net margin of 3.98%. The business had revenue of $173.90 million for the quarter, compared to analyst estimates of $156.31 million. During the same period last year, the company earned $0.38 EPS. The firm’s revenue was up 187.0% on a year-over-year basis.

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Hooker Furniture Company Profile

Hooker Furniture Corporation is a home furnishings marketing, design and logistics company offering sourcing of residential casegoods and upholstery, as well as domestically-produced leather and fabric-upholstered furniture. The Company operates through three segments: casegoods furniture, upholstered furniture and all other.

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