Ethan Allen Interiors Earnings: Here’s What You Need to Know

Ethan Allen Interiors Inc. (NYSE:ETH) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.15%.

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Ethan Allen Interiors Inc. Earnings Cheat Sheet

Results: Net income increased 41.09% to $11.4 million (39 cents per diluted share) in the quarter versus a net gain of $8.08 million in the year-earlier quarter.

Revenue: Rose 4.38% to $191.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Ethan Allen Interiors Inc. reported adjusted net income of 39 cents per share. By that measure, the company beat the mean analyst estimate of $0.37. It beat the average revenue estimate of $190.94 million.

Quoting Management: Farooq Kathwari, Chairman and CEO commented, “We are pleased with our results for the quarter ended December 31, 2012. Despite the challenging economic / political environment and the impact of Hurricane Sandy, our adjusted earnings per share increased 30%. Hurricane Sandy negatively impacted our written orders, delivered sales, and our manufacturing margins during the quarter. Twenty eight of our Retail division design centers and eight independent retailer locations were affected. No adjustment to earnings per share was made to reflect the impact of Hurricane Sandy which we estimate may have been approximately $0.02 to $0.03 per diluted share.”

Key Stats:

Revenue increased 2.06% from $187.44 million in the previous quarter. Net income increased 13.32% from $10.06 million in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.29 to a profit $0.28. For the current year, the average estimate is a profit of $1.44, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials.)