【ibd new america】How Bassett (BSET) Stock Stands Out in a Strong Industry
One stock that might be an intriguing choice for investors right now is
Bassett Furniture Industries,ibd new america Inc.
BSET. This is because this security in the Furniture space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Furniture space as it currently has a Zacks Industry Rank of 19 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Bassett is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
Bassett Furniture Industries, Inc. Price and Consensus
Bassett Furniture Industries, Incorporated Price and Consensus
Bassett Furniture Industries, Inc. price-consensus-chart | Bassett Furniture Industries, Inc. Quote
In fact, over the past month, current quarter estimates have risen from 33 cents per share to 37 cents per share, while current year estimates have narrowed from a loss of 57 cents per share to a loss of 53 cents per share. This has helped BSET to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see
the complete list of today’s Zacks #1 Rank stocks here
.
So, if you are looking for a decent pick in a strong industry, consider Bassett. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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