Etsy (ETSY) Projected to Post Earnings on Wednesday

Etsy (NASDAQ:ETSY - Get Free Report) is projected to post its Q1 2025 quarterly earnings results before the market opens on Wednesday, April 30th. Analysts expect Etsy to post earnings of $0.53 per share and revenue of $642.22 million for the quarter.

Etsy (NASDAQ:ETSY - Get Free Report) last issued its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The firm had revenue of $852.16 million for the quarter, compared to analysts' expectations of $861.37 million. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. On average, analysts expect Etsy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Etsy Stock Performance

ETSY opened at $45.93 on Wednesday. The company has a market cap of $4.92 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 2.57 and a beta of 2.15. Etsy has a 1 year low of $40.05 and a 1 year high of $71.72. The firm has a 50 day moving average price of $47.33 and a 200 day moving average price of $51.42.

Analyst Ratings Changes

ETSY has been the topic of several recent research reports. Morgan Stanley reduced their target price on shares of Etsy from $44.00 to $40.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Jefferies Financial Group raised Etsy from an "underperform" rating to a "hold" rating and upped their target price for the stock from $45.00 to $55.00 in a research report on Monday, January 13th. Bank of America reduced their price target on Etsy from $55.00 to $50.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Canaccord Genuity Group lowered their price objective on shares of Etsy from $105.00 to $76.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Finally, Wells Fargo & Company reduced their target price on shares of Etsy from $47.00 to $46.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $56.00.

Insider Activity

In other Etsy news, CAO Merilee Buckley sold 1,676 shares of the firm's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $48.40, for a total value of $81,118.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nicholas Daniel sold 1,500 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $55.34, for a total value of $83,010.00. Following the transaction, the insider now directly owns 22,198 shares of the company's stock, valued at $1,228,437.32. This trade represents a 6.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 50,952 shares of company stock valued at $2,554,620. Company insiders own 2.60% of the company's stock.

Etsy Company Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. 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.

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