Earnings Outlook For Etsy
Portfolio Pulse from Benzinga Insights
Etsy (NASDAQ:ETSY) is set to release its quarterly earnings report on November 1, 2023. Analysts estimate an earnings per share (EPS) of $0.51. Last quarter, Etsy beat EPS by $0.50, but this was followed by a 13.69% drop in share price. The company's shares were trading at $61.31 as of October 30, and over the last 52-week period, shares are down 28.6%.
October 31, 2023 | 3:01 pm
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Etsy's upcoming earnings report could impact its stock price. Despite beating EPS estimates last quarter, the share price dropped 13.69%. Over the past year, the stock has declined by 28.6%.
Etsy's stock price has shown to be sensitive to its earnings reports. Despite beating EPS estimates last quarter, the share price dropped significantly. This, coupled with the overall negative return over the past year, suggests that the upcoming earnings report could have a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100