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Ethan Allen (ETD)
NYSE:ETD
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.61Last Year’s EPS
$0.67Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -2.86%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Neutral
Ethan Allen showed resilience with a strong balance sheet and operating margins despite facing a decline in sales and challenges from natural disasters. The company remains focused on strategic areas like talent and technology, which should help mitigate ongoing market challenges.Company Guidance
During the Ethan Allen Q1 2025 earnings call, several key financial metrics were highlighted. The company reported sales of $154.3 million and a strong gross margin of 60.8%. Operating income stood at $17.6 million, with an operating margin of 11.4%. Ethan Allen ended the quarter with $186.4 million in cash and investments, despite a 5.8% decline in net sales compared to the previous year. Retail segment orders decreased by 6.8%, while wholesale segment orders fell by 4.8%. The company maintained a robust balance sheet with no outstanding debt and generated $15.1 million in cash from operating activities. Additionally, Ethan Allen's Board approved a regular cash dividend of $0.39 per share, payable on November 27, 2024. The company navigated challenges such as a hurricane impact and a temporary East Coast port strike, which resulted in a $2 million sales impact, expected to be recouped in the subsequent quarter.Strong Financial Performance
Ethan Allen reported sales of $154.3 million with a strong gross margin of 60.8% and an operating income of $17.6 million, reflecting an operating margin of 11.4%. They ended the quarter with $186.4 million in cash and investments.
Increased Average Ticket Price and Strong September
Despite challenges, Ethan Allen saw an increase in average ticket price, more qualified traffic, and a strong month of September for incoming contract orders.
Robust Balance Sheet
The company ended the quarter with $186.4 million in cash and no outstanding debt, generating $15.1 million of cash from operating activities.
Continued Focus on Key Areas
Ethan Allen continues to focus on talent, marketing, service, technology, and social responsibility, which are critical for their vertically integrated enterprise.
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ETD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ETD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $29.01 | $27.30 | -5.89% |
| Jul 31, 2024 | $29.65 | $30.78 | +3.81% |
| Apr 24, 2024 | $31.67 | $27.54 | -13.04% |
| Jan 24, 2024 | $27.72 | $27.86 | +0.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ethan Allen (ETD) report earnings?
Ethan Allen (ETD) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Ethan Allen (ETD) earnings time?
Ethan Allen (ETD) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ETD EPS forecast?
ETD EPS forecast for the fiscal quarter 2025 (Q2) is $0.61.
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