Etsy Set to Release Q4 Earnings: Time to Take Advantage?

Etsy Set to Release Q4 Earnings: Time to Take Advantage?

Online marketplace Etsy (ETSY: NSD) is set to report its fourth quarter 2023 earnings tomorrow after the market close. Investors are eagerly awaiting the results, hoping to gain insights into the company’s performance during the crucial holiday shopping season.

 

Stock Target Advisor’s Take on Etsy:

According to Stock Target Advisor, Etsy Inc qualifies as slightly bullish.  Further, Etsy’s average analyst target price over the next 12 months is pegged at USD 80.77. 

 20 analysts covering Etsy and gives the stock has an average Buy rating, projecting an average analyst target price of USD 80.77. Compared to the average industry rating of Buy, Stock Target Advisor leans towards a slightly bullish rating for the Other Equity sector.

ETSY Ratings by Stock Target Advisor

 

Anticipated Findings from Etsy’s Q4 Report:

Below are the expected insights from the Q4 report of Etsy:

  • Revenue: Wall Street analysts predict Etsy’s revenue to reach $827.79 million, representing a 2.5% year-over-year increase. This expected growth is attributed to the continued strength of its Etsy Ads and Payments segments.
  • Earnings per share (EPS): The consensus EPS estimate sits at $0.77, remaining flat compared to last year’s period. Market analysts anticipate that cost-saving measures might be counterbalanced by seasonal marketing expenses.

 

Conclusion:

 Etsy Inc.’s performance buzz is mixed with catalysts pulling in both directions. Although profitability ratios are wavering, impressive revenue growth and the management’s focus on key growth areas offer optimism. Yet, investors would do well to factor in the possibility of fluctuation following the Q4 earnings announcement. 

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