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Etsy (ETSY) Gains As Market Dips: What You Should Know
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Etsy (ETSY - Free Report) closed at $216.63 in the latest trading session, marking a +0.87% move from the prior day. This move outpaced the S&P 500's daily loss of 0.46%.
Prior to today's trading, shares of the online crafts marketplace had gained 10.73% over the past month. This has outpaced the Computer and Technology sector's gain of 3.42% and the S&P 500's gain of 1.93% in that time.
Investors will be hoping for strength from ETSY as it approaches its next earnings release. The company is expected to report EPS of $0.55, down 21.43% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $517.74 million, up 14.68% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.97 per share and revenue of $2.27 billion. These totals would mark changes of +10.41% and +31.39%, 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ETSY is currently a Zacks Rank #3 (Hold).
In terms of valuation, ETSY is currently trading at a Forward P/E ratio of 72.28. Its industry sports an average Forward P/E of 29.29, so we one might conclude that ETSY is trading at a premium comparatively.
It is also worth noting that ETSY currently has a PEG ratio of 3.68. 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. The Internet - Services was holding an average PEG ratio of 3.68 at yesterday's closing price.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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) Gains As Market Dips: What You Should Know
Etsy (ETSY - Free Report) closed at $216.63 in the latest trading session, marking a +0.87% move from the prior day. This move outpaced the S&P 500's daily loss of 0.46%.
Prior to today's trading, shares of the online crafts marketplace had gained 10.73% over the past month. This has outpaced the Computer and Technology sector's gain of 3.42% and the S&P 500's gain of 1.93% in that time.
Investors will be hoping for strength from ETSY as it approaches its next earnings release. The company is expected to report EPS of $0.55, down 21.43% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $517.74 million, up 14.68% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.97 per share and revenue of $2.27 billion. These totals would mark changes of +10.41% and +31.39%, 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ETSY is currently a Zacks Rank #3 (Hold).
In terms of valuation, ETSY is currently trading at a Forward P/E ratio of 72.28. Its industry sports an average Forward P/E of 29.29, so we one might conclude that ETSY is trading at a premium comparatively.
It is also worth noting that ETSY currently has a PEG ratio of 3.68. 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. The Internet - Services was holding an average PEG ratio of 3.68 at yesterday's closing price.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.