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
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$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.)