Earnings Preview For Etsy
Portfolio Pulse from Benzinga Insights
Etsy (NASDAQ:ETSY) is set to release its latest quarterly earnings report on August 2, 2023. Analysts estimate an earnings per share (EPS) of $0.41. The company's past performance shows a pattern of share price changes following earnings reports. Last quarter, Etsy missed EPS by $0.02, resulting in a 6.48% drop in share price. Over the last 52-week period, shares are down 7.76%.
August 04, 2023 | 9:36 am
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Etsy's upcoming earnings report could impact its share price. Last quarter's missed EPS resulted in a 6.48% share price drop. Over the last year, shares have declined by 7.76%.
Etsy's share price has historically been affected by its earnings reports. Given that the company missed its EPS estimate last quarter and experienced a significant drop in share price, it's likely that the upcoming earnings report could have a similar impact, especially if the company fails to meet analysts' expectations again. Additionally, the overall downward trend in Etsy's share price over the past year suggests that investor sentiment is currently negative, which could exacerbate any potential drop in share price following the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100