BROOKLYN, N.Y., July 17, 2024 /PRNewswire/ -- Etsy, Inc. (Nasdaq: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, plans to release its second quarter 2024 financial results after market close on Wednesday, July 31, 2024. The press release can be accessed on the Etsy Investor Relations website (investors.etsy.com). Etsy will also host a video webcast conference call to discuss those results at 5:00 p.m. Eastern Time on ...

grinvalds E-commerce platform Etsy (NASDAQ:ETSY) could be a potential out-performance candidate in an environment of easing inflation and a speculative buy before the company releases its second fiscal quarter earnings on July 24, 2024. Etsy disappointed in the first-quarter with a weak gross merchandise sales number -- a key metric for e-Commerce companies that measures the amount of total revenues generated on an e-Commerce platform -- causing shares to drop. This has created a situation in which investor ...

NEW YORK, NEW YORK - DECEMBER 13: "We're leaning in more than ever to what makes Etsy, Etsy., said ... [+] CEO Josh Silverman. (Photo by Michael M. Santiago/Getty Images) Disappointing Performance Nonetheless, Esty Inc. ended 2023 by laying off 11% of its workforce, impacting some 225 employees. "While the Etsy marketplace is still more than double the size it was in 2019, we needed to acknowledge and adjust for today's realities," Silverman said in a statement. Course Correction While it aims to emphasize ...

As eCommerce titans Amazon, Temu and Shein expand their reach, Etsy is attempting to reclaim its niche by emphasizing its original mission to support artisans and crafters, but the fine print shows considerable wiggle room for less handmade products. "To reinforce what we stand for, so that everyone who comes to Etsy sees why we are different and what makes us so special, we've reorganized our policies into new Creativity Standards," CEO Josh Silverman told sellers in a video message. "To be clear, this is ...

Now Etsy CEO Josh Silverman wants the company, whose stated mission is to "keep commerce human," to get back to its roots. "We're positioning ourselves to answer the call for original goods and real people by dialing up the things that make Etsy, Etsy," Silverman said. With the changes, Etsy is hoping it can keep buyers and sellers returning to its site at a time when e-commerce is increasingly being dominated by Amazon and upstarts like China-linked Temu and Shein, which provide shoppers with cheap goods d ...

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. VGM Score Etsy is primarily an e-commerce service provider that operates a two-sided marketplace platform called Etsy.com. The company completed its Initial Public Offering (IPO) in 2015. Value investors love finding good stocks at good prices, especially before the broader ...

Declining revenue, an excessive valuation and rising net losses are three signs of a growth stock to sell. Holding onto those investments can result in higher losses that make it more difficult to reach long-term financial goals. You don't want to get caught holding onto those types of stocks, especially when investors can choose from several indices and ETFs. These are some of the growth stocks to sell before they lose value. Zoom (NASDAQ:ZM) certainly enjoyed its heyday during the pandemic. Other tech gia ...

Not every stock is a winner, and it's important to know when to cut your losses. While it's normal for corporations to report bad earnings every once in a while, some earnings reports can shatter growth narratives and put investors in tough spots. Source: Girts Ragelis / Shutterstock.com Furthermore, some stocks can rally substantially for 1 to 2 years before coming back down to earth. These growth stocks are particularly risky as some investors may hold their shares, hoping the corporations can reclaim the ...

In 2022, Etsy reported a negative EPS of -5.48, a stark contrast to the previous year's EPS of 3.4. It is important to note that the company's pre-pandemic EPS averaged around 0.68, suggesting the COVID-19 crisis may have distorted the expectations for the business's future performance. Moreover, Etsy's current valuation appears expensive compared to its expected growth rate. The company is trading at about 30 times earnings, while its top-line growth is projected to be a mere 5%. It's great to see new entr ...

Summary of Etsy, Inc. Conference Call Company Overview - **Company**: Etsy, Inc. (NASDAQ:ETSY) - **Industry**: E-commerce, specifically focused on handmade and unique goods - **Key Metrics**: - Over 90 million active buyers - Over 9 million sellers - Projected Gross Merchandise Sales (GMS) of nearly $13 billion in 2024 with $2.8 billion in revenue [1][1] Core Insights and Arguments Growth and Market Position - Etsy has demonstrated significant growth, with a four-year compound annual growth rate (CAGR) of 25% in GMS, outperforming competitors like Amazon (11%), Wayfair (5%), and eBay (negative 5%) [4][4] - The company has grown from approximately $2 billion in GMV and $10 million in profit in 2017 to about $12 billion in GMV and $650 million in profit in the previous year [3][3] Macro Environment Challenges - The macroeconomic environment has been volatile, with consumers facing increased costs for essentials, leading to a focus on value when purchasing discretionary goods [5][5][6][6] - Despite these challenges, Etsy believes it is holding market share against competitors [7][7] Competitive Landscape - Etsy differentiates itself from mass-market retailers like Walmart and Temu by offering unique products and a personalized shopping experience [9][9][10][10] - The company positions itself as a brand that provides a sense of belonging and storytelling through its products, contrasting with competitors that focus on price and speed [10][10][11][11] Strategic Initiatives - **Engagement and Differentiation**: Etsy aims to enhance buyer engagement through initiatives like Gift Mode, which was launched to capitalize on the gifting market, estimated at $200 billion [19][19][20][20] - **Quality Improvement**: The company is focused on improving product quality and seller performance metrics to enhance search rankings and customer satisfaction [34][34][36][36] - **AI and Machine Learning**: Etsy is leveraging AI to improve product curation and organization, aiming to create a more delightful shopping experience [41][41][56][56] Additional Important Content Marketing Strategy - Etsy has historically performed well with Google Product Listing Ads (PLAs) and is exploring mid-funnel marketing opportunities to increase brand awareness [29][29][32][32] - The company is also investing in television advertising to build brand recognition [30][30] Financial Outlook - Etsy targets adjusted EBITDA margins similar to 2023 levels, emphasizing efficiency and growth as key drivers for shareholder value [58][58][59][59] - The company has a strong EBITDA margin of 30%, which is competitive within the marketplace sector [59][59] Seller Fees and Revenue Generation - Etsy has increased its take rate in the past and continues to explore fair value exchanges for sellers, including a new onboarding fee for new sellers [43][43][45][45] - The Etsy Ads program has seen growth, with improvements in algorithms enhancing ad performance and return on ad spend (ROAS) for sellers [47][47][48][48] Future Directions - Etsy plans to continue launching significant features like Gift Mode while balancing incremental improvements to existing services [24][24][26][26] - The company is committed to maintaining a focus on differentiation and engagement to drive future growth [54][54]