Etsy Q1 Sales $645.954M Miss $646.330M Estimate
Portfolio Pulse from Benzinga Newsdesk
Etsy reported Q1 sales of $645.954M, slightly missing the analyst consensus estimate of $646.330M by 0.06%. This represents a 0.79% increase over the same period last year.
May 01, 2024 | 8:06 pm
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NEUTRAL IMPACT
Etsy's Q1 sales of $645.954M missed estimates by a slim margin of 0.06%, showing a modest year-over-year growth of 0.79%.
The miss on sales estimates is very narrow, suggesting that while Etsy's growth is steady, the miss is unlikely to significantly impact investor sentiment in the short term. The year-over-year growth indicates resilience and could offset negative perceptions from the slight miss.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100