Etsy (NYSE:ETSY) Releases Earnings Results

Etsy (NYSE:ETSY) posted its quarterly earnings results on Thursday. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.88 by $0.04, FiscalAI reports. Etsy had a net margin of 6.38% and a negative return on equity of 29.07%. The business had revenue of $881.64 million for the quarter.

Etsy Stock Performance

NYSE:ETSY opened at $48.24 on Friday. The company has a 50 day moving average price of $55.69. Etsy has a 12 month low of $40.05 and a 12 month high of $76.51. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 5.09 and a beta of 1.77.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Zacks Research downgraded Etsy from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Wall Street Zen downgraded Etsy from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Etsy in a research note on Monday, December 29th. Citigroup upgraded shares of Etsy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Finally, BNP Paribas Exane raised shares of Etsy to a “hold” rating in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Etsy

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.