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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 $85.15 in the latest trading session, marking a -0.29% move from the prior day. This change lagged the S&P 500's 0.2% loss on the day. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq lost 9.78%.
Heading into today, shares of the online crafts marketplace had lost 5.16% over the past month, lagging the Computer and Technology sector's gain of 4.63% and the S&P 500's gain of 4.16% 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 $0.41 per share. This would mark a year-over-year decline of 19.61%. Our most recent consensus estimate is calling for quarterly revenue of $620.98 million, up 6.12% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.35 per share and revenue of $2.76 billion. These totals would mark changes of -13.6% and +7.7%, respectively, from last year.
Any recent changes to analyst estimates for Etsy should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 remained stagnant. Etsy is holding a Zacks Rank of #4 (Sell) right now.
Digging into valuation, Etsy currently has a Forward P/E ratio of 36.34. This valuation marks a premium compared to its industry's average Forward P/E of 31.
Also, we should mention that ETSY has a PEG ratio of 5.15. 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. The Internet - Services industry currently 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 79, putting it in the top 32% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Etsy (ETSY) Dips More Than Broader Markets: What You Should Know
Etsy (ETSY - Free Report) closed at $85.15 in the latest trading session, marking a -0.29% move from the prior day. This change lagged the S&P 500's 0.2% loss on the day. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq lost 9.78%.
Heading into today, shares of the online crafts marketplace had lost 5.16% over the past month, lagging the Computer and Technology sector's gain of 4.63% and the S&P 500's gain of 4.16% 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 $0.41 per share. This would mark a year-over-year decline of 19.61%. Our most recent consensus estimate is calling for quarterly revenue of $620.98 million, up 6.12% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.35 per share and revenue of $2.76 billion. These totals would mark changes of -13.6% and +7.7%, respectively, from last year.
Any recent changes to analyst estimates for Etsy should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 remained stagnant. Etsy is holding a Zacks Rank of #4 (Sell) right now.
Digging into valuation, Etsy currently has a Forward P/E ratio of 36.34. This valuation marks a premium compared to its industry's average Forward P/E of 31.
Also, we should mention that ETSY has a PEG ratio of 5.15. 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. The Internet - Services industry currently 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 79, putting it in the top 32% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.