Etsy Q3 2024 Adj EPS $0.45 Misses $0.55 Estimate, Sales $662.40M Beat $652.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Etsy's Q3 2024 earnings per share missed expectations, but sales exceeded estimates. The company reported an EPS of $0.45, missing the $0.55 estimate, while sales were $662.40 million, beating the $652.81 million estimate.
October 30, 2024 | 8:09 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Etsy's Q3 2024 earnings per share of $0.45 missed the analyst estimate of $0.55, but sales of $662.40 million exceeded the $652.81 million estimate. This mixed result may lead to short-term volatility in Etsy's stock price.
Etsy's earnings per share missed expectations by 18.18%, which is a significant miss and could negatively impact investor sentiment. However, the sales beat by 1.47% shows positive revenue growth, which might offset some of the negative impact. The mixed results are likely to cause short-term volatility in the stock price as investors digest the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100