Etsy(ETSY) ZACKS·2024-10-23 15:07Core Viewpoint - Wall Street anticipates a year-over-year decline in Etsy's earnings despite an increase in revenues, with the upcoming earnings report being crucial for stock price movement [1] Group 1: Earnings Expectations - Etsy is expected to report quarterly earnings of 654.63 million, indicating a 2.9% increase from the previous year [2] Group 2: Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, suggesting stability in analyst expectations [3] - The Most Accurate Estimate for Etsy is lower than the Zacks Consensus Estimate, leading to an Earnings ESP of -7.79%, indicating a bearish outlook from analysts [6] Group 3: Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a favorable Zacks Rank [5] - Etsy currently holds a Zacks Rank of 3, making it challenging to predict a beat on the consensus EPS estimate [7] Group 4: Historical Performance - In the last reported quarter, Etsy was expected to post earnings of 0.41, resulting in a surprise of -10.87% [8] - Over the past four quarters, Etsy has only beaten consensus EPS estimates once [8] Group 5: Conclusion - An earnings beat or miss is not the sole determinant of stock price movement, as other factors can influence investor sentiment [9] - Etsy does not appear to be a compelling candidate for an earnings beat, and investors should consider additional factors before making decisions [9]