Etsy’s shares rise 9% on strong Q3 sales

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Etsy ($NASDAQ:ETSY)’s shares rose 9% on strong Q3 sales, as the company posted a wide miss on the bottom line despite a notable beat on the top line. For the third quarter, the ecommerce company reported mixed results, with a wide miss on the bottom line despite a notable beat on the top line. Consolidated gross margin sales for the quarter came in at $3B.

This guidance was well received by investors, helping to drive the stock higher. Overall, it was a mixed quarter for Etsy, but the company’s strong sales growth and bullish guidance was enough to send its shares higher.

Market Price

The news sent Etsy‘s stock price soaring, with the stock opening at $92.00 on Wednesday and closing at $87.50, down 4.3% from its previous closing price of $91.40. However, the company’s strong performance in the third quarter indicates that it is on track to achieve its full-year guidance. Live Quote…

About the Company

VI Analysis

However, it has a high health score of 8/10 considering its cashflows and debt, which indicates that it is capable of paying off debt and funding future operations. Given its strong competitive advantage, Etsy is likely to continue to grow at a stable and high rate. As such, it may be of interest to investors who are looking for companies with strong long-term potential. More…

VI Peers

Etsy Inc is a leading ecommerce company that focuses on selling handmade and vintage items. The company competes with other ecommerce giants such as eBay Inc, Poshmark Inc, and Zalando SE. Etsy has a loyal customer base and a strong brand identity. The company differentiates itself from its competitors by offering unique items that cannot be found elsewhere. Etsy is a publicly traded company that was founded in 2005.

– eBay Inc ($NASDAQ:EBAY)

eBay Inc is an American multinational e-commerce corporation based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble. Today, it is a multibillion-dollar business with operations in about 30 countries.

The company has a market cap of 21.15B as of 2022 and a Return on Equity of -37.67%. eBay’s business model is based on enabling sellers to offer their items for sale on the platform, and buyers to find items they are looking for and purchase them. The company does not own or inventory the items being sold on its platform – instead, it simply facilitates the transaction between buyers and sellers.

eBay makes money by charging sellers a listing fee for each item they list for sale on the platform, as well as a commission on each item that is sold. In addition, the company also generates revenue from advertising and other fees.

– Poshmark Inc ($NASDAQ:POSH)

Poshmark is a social commerce platform for buying and selling fashion. It has a community of over 50 million sellers and buyers. Poshmark was founded in 2011 and is headquartered in Redwood City, California.

Poshmark’s market cap is 1.4B as of 2022. The company has a Return on Equity of -9.05%. Poshmark is a social commerce platform for buying and selling fashion. It has a community of over 50 million sellers and buyers. Poshmark was founded in 2011 and is headquartered in Redwood City, California.

– Zalando SE ($OTCPK:ZLNDY)

Zalando SE is a publicly traded German e-commerce company specializing in fashion, headquartered in Berlin. Founded in 2008, Zalando SE went public in 2014. As of 2022, Zalando SE has a market cap of 5.9B and a Return on Equity of 4.78%.

Zalando SE offers a platform for fashion and lifestyle. The company offers a wide range of products from over 2,000 brands for women, men, and children. The company operates in 15 European countries.

Summary

Etsy is a unique e-commerce platform that enables people to buy and sell handmade, vintage, and craft items. The company has been growing rapidly in recent years, and its shares have soared in value. Investing in Etsy could be a smart move, as the company has strong fundamentals and is well-positioned for continued growth.

The platform is popular with consumers and has a large and engaged seller community. Etsy also has significant competitive advantages, including its strong brand and loyal customer base.