We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Etsy (ETSY) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
In the latest trading session, Etsy (ETSY - Free Report) closed at $102.07, marking a +1.15% move from the previous day. This move lagged the S&P 500's daily gain of 1.19%. Elsewhere, the Dow gained 1.34%, while the tech-heavy Nasdaq lost 0.18%.
Heading into today, shares of the online crafts marketplace had gained 4.6% over the past month, outpacing the Computer and Technology sector's loss of 2.47% and the S&P 500's loss of 0.84% in that time.
Investors will be hoping for strength from Etsy as it approaches its next earnings release, which is expected to be November 2, 2022. The company is expected to report EPS of $0.37, down 40.32% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $559.54 million, up 5.09% from the year-ago period.
ETSY's full-year Zacks Consensus Estimates are calling for earnings of $2.18 per share and revenue of $2.47 billion. These results would represent year-over-year changes of -35.88% and +5.96%, respectively.
Investors should also note any recent changes to analyst estimates for Etsy. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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. Within the past 30 days, our consensus EPS projection has moved 0.06% lower. Etsy currently has a Zacks Rank of #4 (Sell).
Looking at its valuation, Etsy is holding a Forward P/E ratio of 46.4. This represents a premium compared to its industry's average Forward P/E of 19.99.
Investors should also note that ETSY has a PEG ratio of 5.74 right now. 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 industry currently 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 industry currently has a Zacks Industry Rank of 72, which puts it in the top 29% 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.
Image: Bigstock
Etsy (ETSY) Gains But Lags Market: What You Should Know
In the latest trading session, Etsy (ETSY - Free Report) closed at $102.07, marking a +1.15% move from the previous day. This move lagged the S&P 500's daily gain of 1.19%. Elsewhere, the Dow gained 1.34%, while the tech-heavy Nasdaq lost 0.18%.
Heading into today, shares of the online crafts marketplace had gained 4.6% over the past month, outpacing the Computer and Technology sector's loss of 2.47% and the S&P 500's loss of 0.84% in that time.
Investors will be hoping for strength from Etsy as it approaches its next earnings release, which is expected to be November 2, 2022. The company is expected to report EPS of $0.37, down 40.32% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $559.54 million, up 5.09% from the year-ago period.
ETSY's full-year Zacks Consensus Estimates are calling for earnings of $2.18 per share and revenue of $2.47 billion. These results would represent year-over-year changes of -35.88% and +5.96%, respectively.
Investors should also note any recent changes to analyst estimates for Etsy. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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. Within the past 30 days, our consensus EPS projection has moved 0.06% lower. Etsy currently has a Zacks Rank of #4 (Sell).
Looking at its valuation, Etsy is holding a Forward P/E ratio of 46.4. This represents a premium compared to its industry's average Forward P/E of 19.99.
Investors should also note that ETSY has a PEG ratio of 5.74 right now. 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 industry currently 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 industry currently has a Zacks Industry Rank of 72, which puts it in the top 29% 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.