Etsy (ETSY) Expected to Announce Quarterly Earnings on Wednesday

Etsy (NASDAQ:ETSY - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Wednesday, April 30th. Analysts expect Etsy to post earnings of $0.53 per share and revenue of $642.22 million for the quarter.

Etsy (NASDAQ:ETSY - Get Free Report) last posted its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The company had revenue of $852.16 million for the quarter, compared to analysts' expectations of $861.37 million. Etsy's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.62 earnings per share. On average, analysts expect Etsy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Etsy Stock Performance

Shares of Etsy stock traded up $0.18 during midday trading on Monday, reaching $46.04. 1,287,371 shares of the company's stock traded hands, compared to its average volume of 3,853,299. The stock has a 50 day moving average of $46.64 and a 200-day moving average of $51.32. The company has a market cap of $4.85 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 2.57 and a beta of 2.15. Etsy has a 12 month low of $40.05 and a 12 month high of $71.72.

Insider Activity at Etsy

In other Etsy news, insider Toni Thompson Nadal sold 1,444 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $48.30, for a total transaction of $69,745.20. Following the transaction, the insider now directly owns 592 shares in the company, valued at $28,593.60. This represents a 70.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $55.34, for a total value of $83,010.00. Following the completion of the transaction, the insider now directly owns 22,198 shares of the company's stock, valued at approximately $1,228,437.32. This represents a 6.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,952 shares of company stock valued at $2,554,620. 2.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. UBS Group cut their price target on Etsy from $54.00 to $46.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group cut their price objective on shares of Etsy from $45.00 to $35.00 and set a "sell" rating on the stock in a research report on Tuesday, April 22nd. Piper Sandler cut their price target on shares of Etsy from $52.00 to $40.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Etsy in a research report on Thursday, February 20th. Finally, Truist Financial cut their target price on Etsy from $70.00 to $67.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Etsy currently has a consensus rating of "Hold" and an average price target of $55.38.

Etsy Company Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.