Profile
Sector:
Consumer CyclicalIndustry:
Internet RetailCountry:
United StatesIPO:
16 April 2015Website:
http://www.etsy.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:27:11 GMTDividend
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ETSY Latest News
Etsy, Inc. (NASDAQ:ETSY ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Deb Wasser - Vice President of Investor Relations Josh Silverman - Chief Executive Officer Rachel Glaser - Chief Financial Officer Conference Call Participants Nick Jones - JMP Securities Anna Andreeva - Piper Sandler Scott Devitt - Wedbush Securities Nikhil Devnani - Bernstein Maria Ripps - Canaccord Genuity Robert Coolbrith - Evercore ISI Marvin Fong - BTIG Brian Kraska - Wolfe Research Deb Wasser Hi, everyone, and welcome to Etsy's Third Quarter 2024 Earnings Conference Call. I'm Deb Wasser, VP of Investor Relations.
Although the revenue and EPS for Etsy (ETSY) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Etsy (ETSY) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.64 per share a year ago.
Etsy beat third-quarter gross merchandise sales (GMS) and revenue estimates on Wednesday, helped by steady demand from new and habitual buyers for handcrafted antiques and customized jewelry and clothing at its online marketplace.
Etsy (ETSY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Etsy thrived during the pandemic as consumers flocked to online shopping, but as economic conditions worsened, shares plummeted over 80% from their peak. Despite the stock's decline to 2018 levels, Etsy's revenues have increased 4.5x, margins have expanded, and earnings have quadrupled. Management is implementing strategies like a loyalty program and "Gift Mode" to increase customer engagement and drive gross merchandise sales.
Will Etsy's strategic shift pay off? See what's in store for this struggling e-commerce giant.
BROOKLYN, N.Y. , Oct. 16, 2024 /PRNewswire/ -- Etsy, Inc. (Nasdaq: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, plans to release its third quarter 2024 financial results after market close on Wednesday, October 30, 2024.
Shares in this e-commerce company have languished since the pandemic's height. Will it ever recover to previous highs?
Etsy stock has slipped 36% this year.
What type of business is Etsy?
Etsy, Inc. operates online marketplaces Etsy.com and Reverb.com. The company offers about 66 million product listings in various retail stores for buyers. It also provides various services for sellers, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Etsy Shipping Labels, which allows sellers to purchase discounted shipping labels. The company offers various tools for sellers, including the Shop Manager dashboard, a centralized hub for Etsy sellers; Targeted Offers, sales, promotion, and media tools; educational resources; Etsy Seller Handbook; and Etsy Teams, a platform for communicating with other Etsy sellers. Etsy, Inc. was founded in 2005 and is headquartered in Brooklyn, New York.
What sector is Etsy in?
Etsy is in the Consumer Cyclical sector
What industry is Etsy in?
Etsy is in the Internet Retail industry
What country is Etsy from?
Etsy is headquartered in United States
When did Etsy go public?
Etsy initial public offering (IPO) was on 16 April 2015
What is Etsy website?
https://www.etsy.com
Is Etsy in the S&P 500?
No, Etsy is not included in the S&P 500 index
Is Etsy in the NASDAQ 100?
No, Etsy is not included in the NASDAQ 100 index
Is Etsy in the Dow Jones?
No, Etsy is not included in the Dow Jones index
When was Etsy the previous earnings report?
No data
When does Etsy earnings report?
Next earnings report date is not announced yet