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Etsy (ETSY) Dips More Than Broader Markets: What You Should Know
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Etsy (ETSY - Free Report) closed at $134.56 in the latest trading session, marking a -1.56% move from the prior day. This change lagged the S&P 500's daily loss of 1.4%. Meanwhile, the Dow lost 1.34%, and the Nasdaq, a tech-heavy index, lost 1.57%.
Heading into today, shares of the online crafts marketplace had gained 22% over the past month, outpacing the Computer and Technology sector's loss of 0.17% and the S&P 500's loss of 0.46% in that time.
ETSY will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.58, up 383.33% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $414.86 million, up 109.58% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.07 per share and revenue of $1.51 billion. These totals would mark changes of +172.37% and +84.95%, respectively, from last year.
Any recent changes to analyst estimates for ETSY should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.64% higher. ETSY currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, ETSY currently has a Forward P/E ratio of 66.09. This represents a premium compared to its industry's average Forward P/E of 37.99.
Investors should also note that ETSY has a PEG ratio of 2.32 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. ETSY's industry had an average PEG ratio of 2.04 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 121, putting it in the top 48% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Etsy (ETSY) Dips More Than Broader Markets: What You Should Know
Etsy (ETSY - Free Report) closed at $134.56 in the latest trading session, marking a -1.56% move from the prior day. This change lagged the S&P 500's daily loss of 1.4%. Meanwhile, the Dow lost 1.34%, and the Nasdaq, a tech-heavy index, lost 1.57%.
Heading into today, shares of the online crafts marketplace had gained 22% over the past month, outpacing the Computer and Technology sector's loss of 0.17% and the S&P 500's loss of 0.46% in that time.
ETSY will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.58, up 383.33% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $414.86 million, up 109.58% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.07 per share and revenue of $1.51 billion. These totals would mark changes of +172.37% and +84.95%, respectively, from last year.
Any recent changes to analyst estimates for ETSY should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.64% higher. ETSY currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, ETSY currently has a Forward P/E ratio of 66.09. This represents a premium compared to its industry's average Forward P/E of 37.99.
Investors should also note that ETSY has a PEG ratio of 2.32 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. ETSY's industry had an average PEG ratio of 2.04 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 121, putting it in the top 48% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.