Recap: Ethan Allen Interiors Q2 Earnings
Portfolio Pulse from Benzinga Insights
Ethan Allen Interiors (NYSE:ETD) reported Q2 earnings with an EPS of $0.67, missing the estimate of $0.76 by 11.84%. Revenue also declined by $35.88 million compared to the same period last year. Following a previous earnings miss, the share price dropped by 9.31% the next day. Historical earnings performance shows variability in meeting EPS estimates.
January 24, 2024 | 9:25 pm
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NEGATIVE IMPACT
Ethan Allen Interiors reported lower than expected Q2 earnings and a significant year-over-year revenue decline, which may lead to a negative short term impact on its stock price.
Given the earnings miss and historical response of a 9.31% drop in share price following the last earnings miss, it is likely that ETD's stock price will experience a similar negative short term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100