We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ethan Allen (ETD) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Ethan Allen (ETD - Free Report) closed at $26.26 in the latest trading session, marking a -0.83% move from the prior day. This change lagged the S&P 500's 0.61% loss on the day. Elsewhere, the Dow lost 0.42%, while the tech-heavy Nasdaq added 0.17%.
Heading into today, shares of the home furnishings company had lost 11.35% over the past month, lagging the Retail-Wholesale sector's gain of 0.94% and the S&P 500's gain of 0.89% in that time.
Ethan Allen will be looking to display strength as it nears its next earnings release. On that day, Ethan Allen is projected to report earnings of $0.89 per share, which would represent 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.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.54 per share and revenue of $828.75 million, which would represent changes of -9.92% and +1.34%, respectively, from the prior year.
Any recent changes to analyst estimates for Ethan Allen should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about 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, 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Ethan Allen is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, Ethan Allen is currently trading at a Forward P/E ratio of 7.48. This represents a no noticeable deviation compared to its industry's average Forward P/E of 7.48.
The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 210, putting it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ETD in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ethan Allen (ETD) Dips More Than Broader Markets: What You Should Know
Ethan Allen (ETD - Free Report) closed at $26.26 in the latest trading session, marking a -0.83% move from the prior day. This change lagged the S&P 500's 0.61% loss on the day. Elsewhere, the Dow lost 0.42%, while the tech-heavy Nasdaq added 0.17%.
Heading into today, shares of the home furnishings company had lost 11.35% over the past month, lagging the Retail-Wholesale sector's gain of 0.94% and the S&P 500's gain of 0.89% in that time.
Ethan Allen will be looking to display strength as it nears its next earnings release. On that day, Ethan Allen is projected to report earnings of $0.89 per share, which would represent 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.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.54 per share and revenue of $828.75 million, which would represent changes of -9.92% and +1.34%, respectively, from the prior year.
Any recent changes to analyst estimates for Ethan Allen should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about 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, 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Ethan Allen is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, Ethan Allen is currently trading at a Forward P/E ratio of 7.48. This represents a no noticeable deviation compared to its industry's average Forward P/E of 7.48.
The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 210, putting it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ETD in the coming trading sessions, be sure to utilize Zacks.com.