Etsy Revenue and Earnings Performance is Impressive

Etsy Etsy Inc. (NASDAQ: ETSY) is a niche eCommerce company that operates a platform focused on handmade and limited-run products. For investors unfamiliar with the platform, it can be best described as a modern online craft-fair with millions of products available.

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Despite its niche target market, Etsy’s growth has been impressive. In its most recent quarterly report, Etsy reported revenue of $428.74 million, an increase of over 130% compared to the year ago period. Earnings were reported at $0.82 per share, which outperformed the Wall Street estimate of $0.48 per share. Revenue and earnings are surging because of what the company calls the “stay at home” economy. With consumers under lockdown orders or reluctant to leave their homes for non-essentials, online shopping is in high demand.

The stock has momentum today and it’s likely to continue. Earnings have increased by almost 30% over the last year. In the current fiscal year, they are expected to grow by at least 26.53%. The recent surprise in revenue could lead to higher analyst revisions, so expect estimates to change in the coming weeks.

Etsy is an innovative eCommerce company that operates in a niche that is yet to be saturated. It’s an excellent stock for investors looking to broaden portfolio exposure.

Key Data:

  • 1 Year Price Growth: 95%
  • YTD Price Growth: 59%
  • 3 Month Price Growth: 70%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

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The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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