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Ethan Allen (ETD) Gains As Market Dips: What You Should Know

Ethan Allen (ETD) closed the most recent trading day at $26.37, moving +1.89% from the previous trading session. This change outpaced the S&P 500's 0.74% loss on the day.

Heading into today, shares of the home furnishings company had gained 2.01% over the past month, outpacing the Retail-Wholesale sector's loss of 8% and the S&P 500's loss of 4.6% in that time.

Wall Street will be looking for positivity from Ethan Allen as it approaches its next earnings report date. In that report, analysts expect Ethan Allen to post earnings of $0.76 per share. This would mark year-over-year growth of 31.03%. Our most recent consensus estimate is calling for quarterly revenue of $197.1 million, up 11.38% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $3.28 per share and revenue of $788.35 million, which would represent changes of +38.4% and +15.06%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for Ethan Allen. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Ethan Allen is currently sporting a Zacks Rank of #1 (Strong Buy).

Valuation is also important, so investors should note that Ethan Allen has a Forward P/E ratio of 7.9 right now. This represents a discount compared to its industry's average Forward P/E of 9.86.

The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 47, putting it in the top 19% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our 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.

You can find more information on all of these metrics, and much more, on Zacks.com.


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