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Ethan Allen (ETD) Gains But Lags Market: What You Should Know
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Ethan Allen (ETD - Free Report) closed at $27.75 in the latest trading session, marking a +0.98% move from the prior day. This move lagged the S&P 500's daily gain of 2.28%. At the same time, the Dow added 2.13%, and the tech-heavy Nasdaq gained 5.02%.
Coming into today, shares of the home furnishings company had gained 4.17% in the past month. In that same time, the Retail-Wholesale sector lost 3.03%, while the S&P 500 lost 4.61%.
Ethan Allen will be looking to display strength as it nears its next earnings release, which is expected to be January 25, 2023. In that report, analysts expect Ethan Allen to post earnings of $0.89 per share. This would mark a year-over-year decline of 6.32%. Our most recent consensus estimate is calling for quarterly revenue of $207.75 million, down 0.16% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.54 per share and revenue of $828.75 million. These totals would mark changes of -9.92% and +1.34%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Ethan Allen. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Ethan Allen is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Ethan Allen's current valuation metrics, including its Forward P/E ratio of 7.76. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 7.76.
The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 240, which puts it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Ethan Allen (ETD) Gains But Lags Market: What You Should Know
Ethan Allen (ETD - Free Report) closed at $27.75 in the latest trading session, marking a +0.98% move from the prior day. This move lagged the S&P 500's daily gain of 2.28%. At the same time, the Dow added 2.13%, and the tech-heavy Nasdaq gained 5.02%.
Coming into today, shares of the home furnishings company had gained 4.17% in the past month. In that same time, the Retail-Wholesale sector lost 3.03%, while the S&P 500 lost 4.61%.
Ethan Allen will be looking to display strength as it nears its next earnings release, which is expected to be January 25, 2023. In that report, analysts expect Ethan Allen to post earnings of $0.89 per share. This would mark a year-over-year decline of 6.32%. Our most recent consensus estimate is calling for quarterly revenue of $207.75 million, down 0.16% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.54 per share and revenue of $828.75 million. These totals would mark changes of -9.92% and +1.34%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Ethan Allen. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Ethan Allen is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Ethan Allen's current valuation metrics, including its Forward P/E ratio of 7.76. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 7.76.
The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 240, which puts it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.