Here's What Key Metrics Tell Us About Etsy (ETSY) Q1 Earnings

Etsy (ETSY) reported $645.95 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 0.8%. EPS of $0.48 for the same period compares to $0.53 a year ago.

The reported revenue represents a surprise of -0.35% over the Zacks Consensus Estimate of $648.22 million. With the consensus EPS estimate being $0.49, the EPS surprise was -2.04%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Etsy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total GMS: $2986.5 thousand versus $3046.73 thousand estimated by six analysts on average.
  • Active buyers: 96,392 compared to the 96,598 average estimate based on six analysts.
  • Percent GMS ex-U.S. Domestic: 45% compared to the 46.3% average estimate based on five analysts.
  • Active sellers: 9,131 versus 9,304 estimated by three analysts on average.
  • Revenue- Services: $178.97 million compared to the $179.39 million average estimate based on six analysts. The reported number represents a change of +3.2% year over year.
  • Revenue- Marketplace: $466.98 million versus $469.15 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -0.1% change.
View all Key Company Metrics for Etsy here>>>

Shares of Etsy have returned +5.4% over the past month versus the Zacks S&P 500 composite's -4.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Etsy, Inc. (ETSY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.