ETD - Ethan Allen: Likely Rebound Still Creates An Attractive Valuation
2024-06-12 08:00:00 ET
Summary
- Ethan Allen's headwinds have intensified, with wide revenue declines seen in most furnishings companies.
- ETD stock has still executed impressive margin resilience with good cost control and flexibility.
- A mid-term recovery, largely dependent on interest rates and consumer sentiment, looks likely to rebound earnings into a highly attractive level.
Ethan Allen Interiors Inc. ( ETD ), the furnishings and interior design manufacturer, has reported two quarters of financials after my previous article on the stock. The company's headwinds have deepened with a weak furnishings industry, but Ethan Allen has overall continued to post healthy financials in a turbulent macroeconomic setting with great margin resilience....
Ethan Allen: Likely Rebound Still Creates An Attractive Valuation