Ethan Allen Interiors
The 10-second takeaway
For the quarter ended March 31 (Q3), Ethan Allen Interiors met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share grew significantly.
Margins grew across the board.
Ethan Allen Interiors booked revenue of $175.9 million. The three analysts polled by S&P Capital IQ anticipated sales of $176.9 million on the same basis. GAAP reported sales were 8.0% higher than the prior-year quarter's $162.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.14. The three earnings estimates compiled by S&P Capital IQ averaged $0.13 per share on the same basis. GAAP EPS of $0.94 for Q3 were much higher than the prior-year quarter's $0.12 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 53.6%, 260 basis points better than the prior-year quarter. Operating margin was 4.4%, 140 basis points better than the prior-year quarter. Net margin was 15.7%, 1,350 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $189.4 million. On the bottom line, the average EPS estimate is $0.33.
Next year's average estimate for revenue is $734.5 million. The average EPS estimate is $1.01.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 63 members out of 119 rating the stock outperform, and 56 members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Ethan Allen Interiors a green thumbs-up, and 16 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ethan Allen Interiors is hold, with an average price target of $26.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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