Ethan Allen Interiors Q2 Adj EPS $0.67 Misses $0.76 Estimate, Sales $167.28M Miss $179.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ethan Allen Interiors (NYSE:ETD) reported Q2 adjusted EPS of $0.67, missing the consensus estimate of $0.76 by 11.84%, and a 39.09% decrease from $1.10 last year. Sales were $167.28M, missing the $179.20M estimate by 6.65%, and down 17.66% from $203.16M last year.
January 24, 2024 | 9:16 pm
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NEGATIVE IMPACT
Ethan Allen Interiors reported lower-than-expected Q2 earnings and sales, with significant decreases from the previous year.
The missed earnings and sales estimates are likely to negatively impact investor sentiment in the short term. The significant year-over-year decline in both earnings and sales further underscores the company's underperformance, which could lead to a decrease in stock price as the market reacts to the news.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100