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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 $88.75, marking a -1% move from the previous day. This move lagged the S&P 500's daily loss of 0.08%. At the same time, the Dow lost 0.15%, and the tech-heavy Nasdaq gained 0.03%.
Prior to today's trading, shares of the online crafts marketplace had gained 7.92% over the past month. This has outpaced the Computer and Technology sector's loss of 5.66% and the S&P 500's loss of 6.03% 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 $0.31, down 54.41% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $562.89 million, up 6.43% from the year-ago period.
ETSY's full-year Zacks Consensus Estimates are calling for earnings of $2.01 per share and revenue of $2.53 billion. These results would represent year-over-year changes of -40.88% and +8.55%, respectively.
Investors might also notice recent changes to analyst estimates for Etsy. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 7.52% lower within the past month. Etsy is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note Etsy's current valuation metrics, including its Forward P/E ratio of 44.64. Its industry sports an average Forward P/E of 21.15, so we one might conclude that Etsy is trading at a premium comparatively.
Investors should also note that ETSY has a PEG ratio of 1.77 right now. 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. ETSY's industry had an average PEG ratio of 1.77 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 202, putting it in the bottom 20% 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.
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
In the latest trading session, Etsy (ETSY - Free Report) closed at $88.75, marking a -1% move from the previous day. This move lagged the S&P 500's daily loss of 0.08%. At the same time, the Dow lost 0.15%, and the tech-heavy Nasdaq gained 0.03%.
Prior to today's trading, shares of the online crafts marketplace had gained 7.92% over the past month. This has outpaced the Computer and Technology sector's loss of 5.66% and the S&P 500's loss of 6.03% 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 $0.31, down 54.41% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $562.89 million, up 6.43% from the year-ago period.
ETSY's full-year Zacks Consensus Estimates are calling for earnings of $2.01 per share and revenue of $2.53 billion. These results would represent year-over-year changes of -40.88% and +8.55%, respectively.
Investors might also notice recent changes to analyst estimates for Etsy. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 7.52% lower within the past month. Etsy is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note Etsy's current valuation metrics, including its Forward P/E ratio of 44.64. Its industry sports an average Forward P/E of 21.15, so we one might conclude that Etsy is trading at a premium comparatively.
Investors should also note that ETSY has a PEG ratio of 1.77 right now. 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. ETSY's industry had an average PEG ratio of 1.77 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 202, putting it in the bottom 20% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.