Etsy: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Etsy (NASDAQ:ETSY) reported Q4 earnings with an EPS of $0.62, missing the estimated $0.78 by 20.51%. Revenue increased by $35.08 million from the same period last year. In the previous quarter, Etsy beat the EPS estimate by $0.13, leading to a 1.6% share price increase the following day. The company's past earnings performance shows a mixed track record with both beats and misses on EPS estimates.

February 21, 2024 | 9:15 pm
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Etsy reported Q4 earnings with an EPS of $0.62, missing estimates by 20.51%, but showed an increase in revenue from the previous year.
Etsy's miss on the estimated earnings by 20.51% is likely to negatively impact investor sentiment in the short term, as earnings misses often do. However, the increase in revenue compared to the same period last year may mitigate some negative sentiment. Historical data shows that past earnings performance, such as last quarter's beat and subsequent share price increase, can influence investor expectations and stock price movements. Therefore, the miss in this quarter's earnings could lead to a short-term decrease in stock price, but the revenue growth might provide some support.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100