Etsy, Inc. (NASDAQ:ETSY) Expected to Post Quarterly Sales of $104.92 Million
Equities research analysts expect Etsy, Inc. (NASDAQ:ETSY) to post sales of $104.92 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Etsy’s earnings, with the lowest sales estimate coming in at $104.30 million and the highest estimate coming in at $105.45 million. Etsy posted sales of $87.56 million during the same quarter last year, which would indicate a positive year over year growth rate of 19.8%. The business is scheduled to report its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Etsy will report full year sales of $104.92 million for the current year, with estimates ranging from $434.31 million to $439.68 million. For the next year, analysts expect that the business will post sales of $518.04 million per share, with estimates ranging from $499.56 million to $526.53 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Etsy.
Etsy (NASDAQ:ETSY) last released its earnings results on Thursday, August 3rd. The specialty retailer reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.06. The company had revenue of $101.70 million during the quarter, compared to analysts’ expectations of $101.14 million. Etsy had a positive return on equity of 3.77% and a negative net margin of 3.16%. The business’s revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) EPS.
A number of research analysts recently weighed in on the company. BidaskClub raised Etsy from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $14.00 target price (up previously from $12.95) on shares of Etsy in a report on Thursday, May 25th. Roth Capital set a $14.00 target price on Etsy and gave the company a “hold” rating in a report on Thursday, June 22nd. Maxim Group reaffirmed a “buy” rating and issued a $17.00 target price (up previously from $13.00) on shares of Etsy in a report on Wednesday, May 17th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $13.00 target price (down previously from $14.00) on shares of Etsy in a report on Wednesday, May 3rd. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Etsy currently has a consensus rating of “Hold” and a consensus target price of $14.33.
Etsy (NASDAQ:ETSY) opened at 15.62 on Wednesday. The stock’s 50 day moving average price is $14.68 and its 200 day moving average price is $12.49. The stock’s market capitalization is $1.73 billion. Etsy has a 1-year low of $9.41 and a 1-year high of $16.05.
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Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP purchased a new stake in shares of Etsy during the fourth quarter valued at $957,000. Guggenheim Capital LLC purchased a new stake in shares of Etsy during the fourth quarter valued at $401,000. AQR Capital Management LLC purchased a new stake in shares of Etsy during the fourth quarter valued at $343,000. Teachers Advisors LLC raised its stake in shares of Etsy by 8.8% in the fourth quarter. Teachers Advisors LLC now owns 906,056 shares of the specialty retailer’s stock valued at $10,673,000 after buying an additional 73,050 shares during the last quarter. Finally, Creative Planning raised its stake in shares of Etsy by 77.4% in the first quarter. Creative Planning now owns 12,053 shares of the specialty retailer’s stock valued at $128,000 after buying an additional 5,258 shares during the last quarter. 69.59% of the stock is currently owned by institutional investors.
Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.
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