Etsy (ETSY) Misses Q2 EPS by 1c, Raises Guidance
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Etsy (NASDAQ: ETSY) reported Q2 EPS of $0.03, $0.01 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $132.4 million versus the consensus estimate of $127.12 million.
GUIDANCE:
Etsy sees FY2018 revenue of $587-596 million, versus the consensus of $588.67 million.
Etsy is raising its 2018 guidance for GMS and revenue growth, and reiterating our 2018 guidance for Adjusted EBITDA margin, which results in slightly higher Adjusted EBITDA compared to the prior guidance announced on June 14, 2018.
2018 Guidance June 14, 2018 | 2018 Revised Guidance August 6, 2018 | |||
GMS Year-Over-Year Growth | 16-19% | 18-20% | ||
~$3.77B - $3.87B | ~$3.84B - $3.90B | |||
Revenue Year-Over-Year Growth | 32-34% | 33-35% | ||
~$582M - $591M | ~$587M - $596M | |||
Adjusted EBITDA Margin* | 21-23% | 21-23% | ||
~$123M - $135M | ~$124M - $136M |
For earnings history and earnings-related data on Etsy (ETSY) click here.
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