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ETSY Etsy News Story

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Consumer CyclicalsAdventurousLarge CapSuper Stock

Etsy Q1 revenue beats analyst estimates

Overview

Online marketplace operator's Q1 revenue rose, beating analyst expectations

Adjusted EPS for Q1 was $0.60

Company agreed in February to sell Depop to eBay, pending regulatory approval

Outlook

Etsy did not provide specific guidance or outlook in the press release

Result Drivers

DEPOP SALE AGREEMENT - Co agreed in February to sell Depop to eBay, pending regulatory approval

Company press release: ID:nPnggS76a

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueBeat$631 mln$620.90 mln (25 Analysts)
Q1 EPS$0.60
Q1 Consolidated GMS$2.50 bln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy", 21 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the department stores peer group is "buy." Wall Street's median 12-month price target for ETSY Inc is $60.00, about 5.1% below its April 28 closing price of $63.21 The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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