Ethan Allen Interiors Second Quarter 2024 Earnings: Misses Expectations
Ethan Allen Interiors (NYSE:ETD) Second Quarter 2024 Results
Key Financial Results
Revenue: US$167.3m (down 18% from 2Q 2023).
Net income: US$17.4m (down 38% from 2Q 2023).
Profit margin: 10% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$0.68 (down from US$1.11 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ethan Allen Interiors Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) also missed analyst estimates by 19%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 3.8% growth forecast for the Consumer Durables industry in the US.
Performance of the American Consumer Durables industry.
The company's shares are up 2.3% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for Ethan Allen Interiors (of which 1 is concerning!) you should know about.
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