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Etsy (ETSY) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Etsy (ETSY - Free Report) closed at $115.79, marking a -1.43% move from the previous day. This change lagged the S&P 500's daily loss of 1.21%. At the same time, the Dow lost 0.33%, and the tech-heavy Nasdaq lost 0.49%.
Heading into today, shares of the online crafts marketplace had lost 12.21% over the past month, lagging the Computer and Technology sector's gain of 4.11% and the S&P 500's gain of 5.85% in that time.
Wall Street will be looking for positivity from Etsy as it approaches its next earnings report date. This is expected to be May 4, 2022. On that day, Etsy is projected to report earnings of $0.60 per share, which would represent a year-over-year decline of 40%. Meanwhile, our latest consensus estimate is calling for revenue of $579.3 million, up 5.2% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.36 per share and revenue of $2.8 billion. These totals would mark changes of -1.18% and +20.17%, respectively, from last year.
Any recent changes to analyst estimates for Etsy should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. 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. 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. The Zacks Consensus EPS estimate has moved 0.51% higher within the past month. Etsy currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Etsy is holding a Forward P/E ratio of 34.92. Its industry sports an average Forward P/E of 21.43, so we one might conclude that Etsy is trading at a premium comparatively.
We can also see that ETSY currently has a PEG ratio of 1.2. 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 2.54 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 178, putting it in the bottom 30% 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.
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) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Etsy (ETSY - Free Report) closed at $115.79, marking a -1.43% move from the previous day. This change lagged the S&P 500's daily loss of 1.21%. At the same time, the Dow lost 0.33%, and the tech-heavy Nasdaq lost 0.49%.
Heading into today, shares of the online crafts marketplace had lost 12.21% over the past month, lagging the Computer and Technology sector's gain of 4.11% and the S&P 500's gain of 5.85% in that time.
Wall Street will be looking for positivity from Etsy as it approaches its next earnings report date. This is expected to be May 4, 2022. On that day, Etsy is projected to report earnings of $0.60 per share, which would represent a year-over-year decline of 40%. Meanwhile, our latest consensus estimate is calling for revenue of $579.3 million, up 5.2% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.36 per share and revenue of $2.8 billion. These totals would mark changes of -1.18% and +20.17%, respectively, from last year.
Any recent changes to analyst estimates for Etsy should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. 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. 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. The Zacks Consensus EPS estimate has moved 0.51% higher within the past month. Etsy currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Etsy is holding a Forward P/E ratio of 34.92. Its industry sports an average Forward P/E of 21.43, so we one might conclude that Etsy is trading at a premium comparatively.
We can also see that ETSY currently has a PEG ratio of 1.2. 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 2.54 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 178, putting it in the bottom 30% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.