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.