Ethan Allen Interiors Inc (ETD) stock plunged 5.5% in pre-market trading on Thursday following the company's disappointing fiscal second-quarter 2024 earnings report. The home furnishings retailer missed analyst estimates for both earnings and revenue during the quarter.
For the quarter ended December 31, 2024, Ethan Allen reported earnings of $0.59 per share, falling short of the consensus estimate of $0.60. Revenue came in at $157.26 million, missing expectations of $160.6 million. This marks the third time in the last four quarters that the company has failed to meet earnings forecasts.
Analysts have grown increasingly cautious about Ethan Allen's prospects, with average earnings estimates being revised downwards over the past three months. The company's struggles to meet expectations, coupled with analysts' lowered outlook, likely contributed to the pre-market selloff in the stock.
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