Etsy’s fourth quarter earnings surpassed analysts’ expectations.
The e-commerce company’s adjusted earnings came in at $1.11 a share, well above analysts’ expectations of 79 cents.
Revenue increased +16% from the year-ago quarter to $717.1 million, vs. analysts’ estimate of $684.5 million.
Gross merchandise sales per active seller rose +16% to reach an all-time high of $136. More than half of Etsy's 2020 active buyers, and 37% of 2020 new buyers returned to make a purchase in 2021.
Consolidated gross merchandise sales climbed +16.5% to a record $4.2 billion.
Active sellers on Etsy surged +72% to 7.5 million, while active buyers count increased +17.6% to reach 96.3 million.
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ETSY advanced for three days, in of 312 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ETSY just turned positive on April 08, 2024. Looking at past instances where ETSY's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 54 cases where ETSY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on April 23, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ETSY as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ETSY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for ETSY entered a downward trend on April 11, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ETSY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (3.741). P/E Ratio (29.853) is within average values for comparable stocks, (59.711). Projected Growth (PEG Ratio) (1.106) is also within normal values, averaging (1.927). Dividend Yield (0.000) settles around the average of (0.026) among similar stocks. P/S Ratio (3.409) is also within normal values, averaging (10.261).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ETSY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an online marketplace for buying and selling of handmade and vintage goods
Industry InternetRetail