Etsy, Inc. ( ETSY ) saw a big move last session, as the company's shares fell by 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for ETSY as the stock is now up around 47% since Jul 2.
This slump shouldn't be too much of a surprise to investors, as the e-commerce service provider has seen 2 negative revisions in the past and its current year earnings consensus has moved lower over the last 60 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
ETSY currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the internet services sector is LendingClub Corporation ( LC ), which currently carries a Zacks Rank #1 (Strong Buy).