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

Ethan Allen (ETD) Gains As Market Dips: What You Should Know
This story originally appeared on Zacks

Ethan Allen (ETD) closed at $26.68 in the latest trading session, marking a +0.91% move from the prior day. This move outpaced the S&P 500’s daily loss of 0.1%. Elsewhere, the Dow lost 0.47%, while the tech-heavy Nasdaq lost 0.47%.

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

Heading into today, shares of the home furnishings company had gained 5.55% over the past month, outpacing the Retail-Wholesale sector’s loss of 0.65% and the S&P 500’s gain of 3.67% in that time.

Investors will be hoping for strength from Ethan Allen as it approaches its next earnings release. On that day, Ethan Allen is projected to report earnings of $0.76 per share, which would represent year-over-year growth of 10.14%. Our most recent consensus estimate is calling for quarterly revenue of $187.25 million, up 4.71% from the year-ago period.

For the full year, our…

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