Etsy, Inc. (ETSY - Free Report) just released its third-quarter earnings results, posting earnings of -$0.02 per share and revenue of $87.6 million.
Currently, ETSY has a Zacks Rank #5 (Strong Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Etsy:
Matched earnings estimates. The company posted a loss of 2 cents per share, which matched Wall Street expectations of -$0.02.
Missed revenue estimates. The company saw revenue figures of $87.6 million, which missed our estimate of $90 million.
GMS was $677.2 million, up 19.1% compared with the year-ago quarter. Growth in GMS was helped by an 11.3% increase in active sellers and a 20.1% increase in active buyers.
Etsy announced that CFO Kristina Salen has decided to leave the company in March. Etsy will begin its search for a replacement immediately.
ETSY was up 1.93% to $13.20 as of 4:48 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Etsy’s latest earnings performance:
Etsy, Inc. offers e-commerce services. It provides online and offline marketplaces to buy and sell goods. The company's product include art, home and living, mobile accessories, jewelry, wedding, and others
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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.
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Etsy, Inc. (ETSY - Free Report) just released its third-quarter earnings results, posting earnings of -$0.02 per share and revenue of $87.6 million.
Currently, ETSY has a Zacks Rank #5 (Strong Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Etsy:
Matched earnings estimates. The company posted a loss of 2 cents per share, which matched Wall Street expectations of -$0.02.
Missed revenue estimates. The company saw revenue figures of $87.6 million, which missed our estimate of $90 million.
GMS was $677.2 million, up 19.1% compared with the year-ago quarter. Growth in GMS was helped by an 11.3% increase in active sellers and a 20.1% increase in active buyers.
Etsy announced that CFO Kristina Salen has decided to leave the company in March. Etsy will begin its search for a replacement immediately.
ETSY was up 1.93% to $13.20 as of 4:48 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Etsy’s latest earnings performance:
Etsy, Inc. offers e-commerce services. It provides online and offline marketplaces to buy and sell goods. The company's product include art, home and living, mobile accessories, jewelry, wedding, and others
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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