ETSY Stock Recent News

Consolidated results came in at the high end or ahead of guidance for key performance metrics BROOKLYN, N.Y. , July 31, 2024 /PRNewswire/ -- Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced results for its second quarter ended June 30, 2024.

BROOKLYN, N.Y. , July 31, 2024 /PRNewswire/ -- Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, announced today that Rachel Glaser, Etsy's Chief Financial Officer, has decided to retire after a nearly 40-year career in strategic finance roles, including over seven years in her current role.

Etsy said Wednesday it will begin testing its first-ever loyalty program in September, a move designed to boost the e-commerce site's sluggish sales and draw in occasional shoppers.

Get a deeper insight into the potential performance of Etsy (ETSY) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Etsy (ETSY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Etsy Inc (NASDAQ:ETSY, ETR:3E2) faces persistent discretionary retail goods spending pressures and fierce competition from low-cost online rivals which limit its upside, analysts at Wedbush believe. In a note ahead of the online marketplace's second quarter earnings report due Wednesday, July 31, after the stock market closes, the analysts wrote that they remain ‘Neutral' on the stock.

Etsy stock has underperformed the S&P 500 since I initiated my "hold" rating in May, where I expected the stock to face headwinds with GMS and profitability declining in Q1 FY24. Etsy is due to report its Q2 earnings on July 31, where revenue is expected to grow 1.7% YoY, while adjusted EPS is expected to decline 33% YoY to $0.98. However, management's commentary and guidance on GMS growth for the remainder of the year will be key, along with their projections for take rate and Adjusted EBITDA margin.

BROOKLYN, N.Y. , July 17, 2024 /PRNewswire/ -- Etsy, Inc. (Nasdaq: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, plans to release its second quarter 2024 financial results after market close on Wednesday, July 31, 2024.

Etsy's Q1'24 earnings report disappointed due to a year-over-year drop in gross merchandise sales. Etsy, however, has a strong and profitable e-Commerce business with potential for a GMS recovery, especially in a lower-inflation world. Low earnings expectations and cheap valuation calculate to a favorable risk profile.

The Etsy marketplace, the flagship of Esty Inc., which also includes resale site Depop and musical instrument specialist Reverb, was founded in 2005 to connect buyers with makers, artists, designers and crafters selling their unique handmade, originally designed new or specially-selected vintage items.