Ethan Allen Interiors Q3 2024 Adj EPS $0.48 Misses $0.64 Estimate, Sales $146.421M Miss $168.150M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ethan Allen Interiors (NYSE:ETD) reported Q3 2024 adjusted EPS of $0.48, missing the $0.64 estimate, and sales of $146.421M, below the $168.150M estimate. This represents a significant decrease in both earnings and sales from the same period last year.
April 24, 2024 | 8:26 pm
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Ethan Allen Interiors reported a significant miss in both earnings and sales for Q3 2024, with adjusted EPS at $0.48 vs. the $0.64 estimate and sales at $146.421M vs. the $168.150M estimate.
Missing both earnings and sales estimates significantly, especially with a 25% miss on the EPS estimate and a 12.92% miss on sales estimates, indicates underperformance. This is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price.
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IMPORTANCE 90
RELEVANCE 100