Analysts on Wall Street project that Etsy (ETSY) will announce quarterly earnings of $0.46 per share in its forthcoming report, representing a decline of 44.6% year over year. Revenues are projected to reach $632.2 million, increasing 0.5% from the same quarter last year. While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights. The consensus among analysts is t ...

The earnings report, which is expected to be released on July 31, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $632.2 million, up 0.5% from the year-ago quarter. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. The Zacks Earnings ESP compares the Most Accu ...

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Introduction & Investment Thesis In Q1 FY24, Etsy generated $646M in revenue, which grew just 0.8% YoY, missing estimates, while Adjusted EBITDA declined 1.4% YoY to $167.9M with margins shrinking by 60 basis points to 26%. While overall GMS declined 3.7% YoY in the last quarter, the bright spot was that Etsy was able to reactivate its buyers on the platform, while Active Buyers also grew 1.9% YoY. At the same time, the company also saw its GMS from gifting grow in the low single digits after it launched it ...

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 ...