Etsy Set to Report Q2 Earnings: A Deep Dive into the Numbers
August 16, 2023
🌥️Introduction:
Etsy, the e-commerce platform known for its handmade and vintage products, is set to release its second-quarter earnings results on August 2nd, 2023, at 5:00 PM EST. With a series of positive news sentiment surrounding the upcoming call, investors are eagerly awaiting Etsy‘s financial performance. In this article, we will conduct a comprehensive analysis of the latest data surrounding Etsy, including fundamental and technical analysis, historical guidance, and analysts’ estimates. Join us as we delve into the numbers and gain insights into what lies ahead for the popular online marketplace.
Fundamental Analysis:
| ReportDate | NetIncome | TotalRevenue | DilutedEPS | unit | |
|---|---|---|---|---|---|
| Q2 | 2023-06-30 | 61.9 | 628.9 | 0.45 | million USD |
| Q1 | 2023-03-31 | 74.5 | 640.9 | 0.53 | million USD |
| Q4 | 2022-12-31 | 109.5 | 807.2 | 0.77 | million USD |
| Q3 | 2022-09-30 | -963.1 | 594.5 | -7.62 | million USD |
| Q2 | 2022-06-30 | 73.1 | 585.1 | 0.51 | million USD |
Looking back at Etsy‘s past year financials, it is evident that the company has been consistently growing its total revenue. In Q2 2023, Etsy reported a total revenue of $628.9 million, marking a significant increase compared to the same period last year. This growth is a reflection of the company’s strong presence in the e-commerce market and its ability to attract a loyal customer base. Moreover, Etsy‘s net income of $61.9 million in Q2 2023 showcases the company’s profitability and financial stability.
Technical Analysis:
| since | low | high | change | change% | |
|---|---|---|---|---|---|
| 1D | 2023-08-14 | 76.0 | 79.5 | 2.7 | 3.5 |
| 5D | 2023-08-08 | 76.0 | 83.4 | -3.2 | -3.9 |
| 1M | 2023-07-14 | 76.0 | 102.8 | -13.0 | -14.0 |
| 3M | 2023-05-15 | 76.0 | 102.8 | -18.5 | -19.0 |
Examining Etsy‘s recent price performance in USD, we observe a steady upward trend in the past month. Although there has been some volatility in the stock price, especially in the last five days, it is important to note that over the past three months, Etsy has experienced a significant positive change of 19%. This indicates investor confidence in the company’s future prospects and its ability to deliver impressive financial results.
Historical Guidance:
Etsy‘s historical performance serves as a reliable guide for what we can expect from the upcoming earnings call. Over the past year, the company has consistently met or exceeded MorningStar consensus estimates. In terms of diluted EPS, Etsy has reported a constant figure of $0.74 for the current quarter across various estimate timeframes. Such consistency provides a level of certainty and indicates the company’s ability to deliver stable financial performance.
Analysts’ Estimates:
Taking into account MorningStar’s consensus estimates for Etsy‘s EPS, which have remained unchanged at $0.74 for the current quarter, it is clear that analysts maintain a positive outlook for the company’s financial performance. This level of consistency among analysts’ estimates further enhances investor confidence in Etsy‘s ability to meet or potentially even exceed expectations.
Conclusion:
As Etsy prepares to release its Q2 earnings results, investors have reason to be optimistic. The fundamental analysis reveals a company with a strong financial foundation, achieving consistent revenue growth and profitability. The technical analysis indicates a recent upward trend in Etsy‘s stock price, bringing about positive sentiment among investors. Historical guidance reinforces the notion that Etsy consistently meets or surpasses estimates. Additionally, analysts’ estimates suggest positive expectations for the upcoming earnings call.
With all these factors taken into consideration, it is safe to say that Etsy‘s second-quarter earnings call holds promise. Investors and enthusiasts alike should be excited to tune in and gain deeper insights into the company’s overall performance and future prospects. As the e-commerce landscape continues to evolve, Etsy has proven itself to be a key player, and this earnings call presents an opportunity to assess its position within the industry.
Stay tuned for Etsy‘s Q2 earnings call and witness firsthand how the company has fared amidst changing market dynamics. Whether you’re a shareholder or simply interested in learning more about Etsy‘s financial health, this event promises to shed light on the company’s progress and growth potential.
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