In the latest trading session, Etsy (ETSY - Free Report) closed at $93.15, marking a +1.8% move from the previous day. This move outpaced the S&P 500's daily gain of 0.85%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 5.61%.
Coming into today, shares of the online crafts marketplace had lost 3.75% in the past month. In that same time, the Computer and Technology sector gained 1.89%, while the S&P 500 gained 3.18%.
Etsy will be looking to display strength as it nears 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 19.61%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $620.73 million, up 6.08% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.33 per share and revenue of $2.76 billion, which would represent changes of -14.34% and +7.52%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Etsy. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.66% lower. Etsy is holding a Zacks Rank of #4 (Sell) right now.
Investors should also note Etsy's current valuation metrics, including its Forward P/E ratio of 39.2. For comparison, its industry has an average Forward P/E of 31, which means Etsy is trading at a premium to the group.
Also, we should mention that ETSY has a PEG ratio of 5.55. 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. ETSY's industry had an average PEG ratio of 1.57 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 72, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
In the latest trading session, Etsy (ETSY - Free Report) closed at $93.15, marking a +1.8% move from the previous day. This move outpaced the S&P 500's daily gain of 0.85%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 5.61%.
Coming into today, shares of the online crafts marketplace had lost 3.75% in the past month. In that same time, the Computer and Technology sector gained 1.89%, while the S&P 500 gained 3.18%.
Etsy will be looking to display strength as it nears 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 19.61%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $620.73 million, up 6.08% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.33 per share and revenue of $2.76 billion, which would represent changes of -14.34% and +7.52%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Etsy. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.66% lower. Etsy is holding a Zacks Rank of #4 (Sell) right now.
Investors should also note Etsy's current valuation metrics, including its Forward P/E ratio of 39.2. For comparison, its industry has an average Forward P/E of 31, which means Etsy is trading at a premium to the group.
Also, we should mention that ETSY has a PEG ratio of 5.55. 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. ETSY's industry had an average PEG ratio of 1.57 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 72, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on ETSY - FREE