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.
On June 05, 2023, the Stochastic Oscillator for ETSY moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 64 instances where the indicator left the oversold zone. In of the 64 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ETSY's RSI Indicator exited the oversold zone, of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ETSY just turned positive on June 06, 2023. Looking at past instances where ETSY's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ETSY advanced for three days, in of 333 cases, the price rose further within the following month. The odds of a continued upward trend are .
ETSY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on June 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ETSY as a result. In of 86 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 June 07, 2023. 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 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 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 94, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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 (21.413) is normal, around the industry mean (17.371). P/E Ratio (34.722) is within average values for comparable stocks, (72.245). Projected Growth (PEG Ratio) (1.744) is also within normal values, averaging (2.547). Dividend Yield (0.000) settles around the average of (0.038) among similar stocks. P/S Ratio (4.202) is also within normal values, averaging (8.496).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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 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
A.I.dvisor indicates that over the last year, ETSY has been closely correlated with MELI. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if ETSY jumps, then MELI could also see price increases.
|MELI - ETSY|
|JMIA - ETSY|
|RVLV - ETSY|
|EBAY - ETSY|
|OSTK - ETSY|