In the last five years, the Nasdaq Composite Index has climbed 112%, a spectacular gain that investors can be pleased with. But not all stocks have done this well.Take Etsy (ETSY -2.62%). Its shares are only up 24% since February 2019. They even missed the market's impressive rally in 2023. Investors have completely soured on Etsy, which currently trades at a dirt cheap forward price-to-earnings ratio of 15.6.Before you buy this top e-commerce stock, here are three facts you need to know about the business. ...

The S&P 500 surged 28% over the last year, but Wall Street analysts still see plenty of buying opportunities across the stock market.Adam Jonas at Morgan Stanley has set Tesla (TSLA 0.38%) with a 12-month price target of $345 per share, implying 71% upside from its current price of $202. Similarly, Sean Dunlop at Morningstar has given Etsy (ETSY -2.62%) a 12-month price target of $140 per share, implying 100% upside from its current price of $70.Investors should always treat these short-term forecasts with ...

Etsy (ETSY) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this online crafts marketplace have returned +6.4% over the past month versus the Zacks S&P 500 composite's +4.7% change. The Zacks Internet - Services industry, to which Etsy belongs, has lost 1.2% over this period. Now the key question is: Where could the stock be headed in the near term?Althou ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?Developed alongs ...

Etsy, Inc. (ETSY) reported fourth-quarter 2023 earnings of 62 cents per share, which declined 19.5% year over year.In the reported quarter, the company’s net income, totaling $83.3 million, was hurt by restructuring and other exit costs of $27 million.The adjusted bottom-line figure was 78 cents per share, which was in line with the Zacks Consensus Estimate.Revenues advanced 4.3% year over year to $842.32 million. The figure beat the Zacks Consensus Estimate by 1.8%.Top-line growth was driven by acceleratin ...

Etsy Inc (NASDAQ:ETSY) is sliding after earnings, down 7.4% at $71.39 at last check. The online marketplace announced fourth-quarter earnings of 78 cents per share, in line with analyst expectations, and higher-than-anticipated revenue. However, the company also issued a weak first-quarter sales forecast due to weak demand. No fewer than 11 analysts cut their price targets after the event, though three chimed in with hikes. Since last February, ETSY is down 44.8%. The stock has had a fairly volatile start t ...

Etsy (NASDAQ: ETSY) stock price nosedived in the pre-market session after the e-commerce company published weak financial results. It plunged by more than 9% and reached a low of $70, which was lower than the December high of $90.Etsy growth is waningCopy link to sectionEtsy has been a company in trouble in the past two years as its stock crashed by over 77% from its all-time high. This plunge happened as the spectacular growth it had during the COVID-19 pandemic waned.  Further, the company has little room ...

Financial Data and Key Metrics Changes - Consolidated GMS for 2023 was $13.2 billion, roughly flat compared to 2022, while revenue reached a record $2.7 billion, up about 7% [37] - Adjusted EBITDA was approximately $754 million, with free cash flow at about $666 million, indicating strong profitability and cash generation [37][88] - Fourth quarter consolidated adjusted EBITDA margin was 28%, slightly down from the previous year due to increased marketing spend and refund costs [56] Business Line Data and Key Metrics Changes - Etsy marketplace GMS decreased 1.4% year-over-year to $3.6 billion in Q4, with headwinds from consumer discretionary spending and competition [113] - Etsy Ads contributed positively to revenue growth, with improvements in search relevancy leading to higher conversion rates [13][109] - Reverb showed GMS growth in Q4, primarily due to a focus on used and outlet inventory, indicating a recovery in the musical instruments sector [51] Market Data and Key Metrics Changes - International markets saw a 4% year-over-year increase in GMS, with notable growth in the UK, Netherlands, Switzerland, and Austria [86] - Active buyers reached a record 92 million, up 3% year-over-year, with significant growth in both U.S. and international markets [60] - The number of repeat buyers grew 4% year-over-year to 37 million, indicating stable buyer engagement [87] Company Strategy and Development Direction - The company is focusing on enhancing buyer consideration and frequency through initiatives like Gift Mode, aiming to position Etsy as a go-to platform for gifting [45][77] - A disciplined investment approach is being maintained to ensure profitability while pursuing growth opportunities, particularly in international markets [36][72] - The company plans to introduce a buyer loyalty program to encourage repeat purchases and enhance customer engagement [71][98] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging macroeconomic environment, with low consumer confidence impacting discretionary spending [92][136] - There is optimism about returning to growth, with expectations that product and marketing investments will yield positive results in the latter half of Q1 2024 [94][126] - The company believes that gifting represents a significant growth opportunity, with a potential market size of $200 billion in the U.S. alone [77][79] Other Important Information - The company has implemented a seller onboarding fee to enhance marketplace security and quality [93] - Consolidated marketing spend increased 7% year-over-year, with a focus on brand awareness and specific purchase occasions [84] - The divestiture of Elo7 is noted as a factor affecting year-over-year comparisons, with a modest impact on margins [110] Q&A Session Summary Question: What is the GMS outlook for 2024? - Management expressed aspirations for positive growth, emphasizing the importance of consideration initiatives like Gift Mode to drive buyer engagement [125][126] Question: Can you clarify the Q1 guidance and expected improvements? - Management indicated a mid-single-digit decline in Q1 but expects improvements as the quarter progresses due to marketing and product initiatives [129][130] Question: How is the competitive environment affecting performance? - Management noted that consumer behavior is currently focused on finding the cheapest options, impacting conversion rates across the industry [136]

Etsy (ETSY) reported $842.32 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 4.4%. EPS of $0.78 for the same period compares to $0.77 a year ago.The reported revenue represents a surprise of +1.80% over the Zacks Consensus Estimate of $827.4 million. With the consensus EPS estimate being $0.78, the company has not delivered EPS surprise.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

Etsy (ETSY) came out with quarterly earnings of $0.78 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this online crafts marketplace would post earnings of $0.49 per share when it actually produced earnings of $0.64, delivering a surprise of 30.61%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Etsy, which belongs to ...