Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of home furnishing company Ethan Allen (NYSE: ETH) jumped as much as 20% today after the company reported earnings.

So what: Revenue grew 21% to $173.3 million and earnings were $14.7 million or $0.51 per share, crushing analysts' expectations of $0.09 per share. Retail sales drove much of the gains as more confident consumers came back into showrooms in the fiscal second quarter.

Now what: This quarter alone blew past analysts' expectations for fiscal 2011 earnings per share, so this stock has a long way to go before catching up. Management gave very bullish comments about the current quarter as well, so it looks like this quarter was more than just a one-hit wonder. I think Ethan Allen has further to run given the incredible blowout of expectations.

Interested in more info on Ethan Allen? Add it to your watchlist.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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