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Etsy (ETSY) Gains As Market Dips: What You Should Know
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In the latest trading session, Etsy (ETSY - Free Report) closed at $135.66, marking a +1.49% move from the previous day. This move outpaced the S&P 500's daily loss of 0.37%.
Heading into today, shares of the online crafts marketplace had lost 27.8% over the past month, lagging the Computer and Technology sector's loss of 8.73% and the S&P 500's loss of 6.01% in that time.
Wall Street will be looking for positivity from Etsy as it approaches its next earnings report date. On that day, Etsy is projected to report earnings of $0.74 per share, which would represent a year-over-year decline of 31.48%. Meanwhile, our latest consensus estimate is calling for revenue of $685.68 million, up 11.07% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Etsy. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 1.58% higher. Etsy is currently a Zacks Rank #3 (Hold).
Digging into valuation, Etsy currently has a Forward P/E ratio of 39.68. This valuation marks a premium compared to its industry's average Forward P/E of 25.46.
It is also worth noting that ETSY currently has a PEG ratio of 1.71. 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 2.42 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 210, which puts it in the bottom 18% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Etsy (ETSY) Gains As Market Dips: What You Should Know
In the latest trading session, Etsy (ETSY - Free Report) closed at $135.66, marking a +1.49% move from the previous day. This move outpaced the S&P 500's daily loss of 0.37%.
Heading into today, shares of the online crafts marketplace had lost 27.8% over the past month, lagging the Computer and Technology sector's loss of 8.73% and the S&P 500's loss of 6.01% in that time.
Wall Street will be looking for positivity from Etsy as it approaches its next earnings report date. On that day, Etsy is projected to report earnings of $0.74 per share, which would represent a year-over-year decline of 31.48%. Meanwhile, our latest consensus estimate is calling for revenue of $685.68 million, up 11.07% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Etsy. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 1.58% higher. Etsy is currently a Zacks Rank #3 (Hold).
Digging into valuation, Etsy currently has a Forward P/E ratio of 39.68. This valuation marks a premium compared to its industry's average Forward P/E of 25.46.
It is also worth noting that ETSY currently has a PEG ratio of 1.71. 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 2.42 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 210, which puts it in the bottom 18% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.