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Etsy (ETSY) Stock Sinks As Market Gains: What You Should Know
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Etsy (ETSY - Free Report) closed at $103.04 in the latest trading session, marking a -0.98% move from the prior day. This move lagged the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq lost 2.19%.
Heading into today, shares of the online crafts marketplace had lost 1.81% over the past month, lagging the Computer and Technology sector's gain of 7.7% and the S&P 500's gain of 3.13% in that time.
Etsy will be looking to display strength as it nears its next earnings release. In that report, analysts expect Etsy to post earnings of $0.54 per share. This would mark a year-over-year decline of 10%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $626.72 million, up 8.19% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.63 per share and revenue of $2.76 billion. These totals would mark changes of -3.31% and +7.61%, respectively, from last year.
Any recent changes to analyst estimates for Etsy should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 0.59% lower. Etsy currently has a Zacks Rank of #3 (Hold).
Investors should also note Etsy's current valuation metrics, including its Forward P/E ratio of 39.53. This valuation marks a premium compared to its industry's average Forward P/E of 23.37.
Also, we should mention that ETSY has a PEG ratio of 5.81. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Services industry currently had an average PEG ratio of 1.47 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 75, putting it in the top 30% 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.
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Etsy (ETSY) Stock Sinks As Market Gains: What You Should Know
Etsy (ETSY - Free Report) closed at $103.04 in the latest trading session, marking a -0.98% move from the prior day. This move lagged the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq lost 2.19%.
Heading into today, shares of the online crafts marketplace had lost 1.81% over the past month, lagging the Computer and Technology sector's gain of 7.7% and the S&P 500's gain of 3.13% in that time.
Etsy will be looking to display strength as it nears its next earnings release. In that report, analysts expect Etsy to post earnings of $0.54 per share. This would mark a year-over-year decline of 10%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $626.72 million, up 8.19% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.63 per share and revenue of $2.76 billion. These totals would mark changes of -3.31% and +7.61%, respectively, from last year.
Any recent changes to analyst estimates for Etsy should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 0.59% lower. Etsy currently has a Zacks Rank of #3 (Hold).
Investors should also note Etsy's current valuation metrics, including its Forward P/E ratio of 39.53. This valuation marks a premium compared to its industry's average Forward P/E of 23.37.
Also, we should mention that ETSY has a PEG ratio of 5.81. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Services industry currently had an average PEG ratio of 1.47 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 75, putting it in the top 30% 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.