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Etsy (ETSY) Stock Moves -0.62%: What You Should Know
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Etsy (ETSY - Free Report) closed at $101.52 in the latest trading session, marking a -0.62% move from the prior day. This move was narrower than the S&P 500's daily loss of 2.11%. At the same time, the Dow lost 1.54%, and the tech-heavy Nasdaq lost 0.3%.
Heading into today, shares of the online crafts marketplace had lost 3.28% over the past month, outpacing the Computer and Technology sector's loss of 10.31% and the S&P 500's loss of 8.19% in that time.
Investors will be hoping for strength from Etsy as it approaches its next earnings release. In that report, analysts expect Etsy to post earnings of $0.41 per share. This would mark a year-over-year decline of 33.87%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $560.44 million, up 5.26% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.35 per share and revenue of $2.47 billion, which would represent changes of -30.88% and +6.02%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Etsy. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.74% higher within the past month. Etsy is currently a Zacks Rank #3 (Hold).
In terms of valuation, Etsy is currently trading at a Forward P/E ratio of 43.45. Its industry sports an average Forward P/E of 20.11, so we one might conclude that Etsy is trading at a premium comparatively.
Also, we should mention that ETSY has a PEG ratio of 5.38. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Services was holding an average PEG ratio of 1.63 at yesterday's closing price.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 85, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ETSY in the coming trading sessions, be sure to utilize Zacks.com.
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Etsy (ETSY) Stock Moves -0.62%: What You Should Know
Etsy (ETSY - Free Report) closed at $101.52 in the latest trading session, marking a -0.62% move from the prior day. This move was narrower than the S&P 500's daily loss of 2.11%. At the same time, the Dow lost 1.54%, and the tech-heavy Nasdaq lost 0.3%.
Heading into today, shares of the online crafts marketplace had lost 3.28% over the past month, outpacing the Computer and Technology sector's loss of 10.31% and the S&P 500's loss of 8.19% in that time.
Investors will be hoping for strength from Etsy as it approaches its next earnings release. In that report, analysts expect Etsy to post earnings of $0.41 per share. This would mark a year-over-year decline of 33.87%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $560.44 million, up 5.26% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.35 per share and revenue of $2.47 billion, which would represent changes of -30.88% and +6.02%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Etsy. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.74% higher within the past month. Etsy is currently a Zacks Rank #3 (Hold).
In terms of valuation, Etsy is currently trading at a Forward P/E ratio of 43.45. Its industry sports an average Forward P/E of 20.11, so we one might conclude that Etsy is trading at a premium comparatively.
Also, we should mention that ETSY has a PEG ratio of 5.38. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Services was holding an average PEG ratio of 1.63 at yesterday's closing price.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 85, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ETSY in the coming trading sessions, be sure to utilize Zacks.com.