Etsy (ETSY) Misses Q4 EPS by 3c, Sales Beat
Etsy (NASDAQ: ETSY) reported Q4 EPS of ($0.04), $0.03 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $87.9 million versus the consensus estimate of $86.46 million.
Active buyers rose 21.4 percent to 24.05 million with active sellers up 15.5 percent to 1.56 million. GMS rose 21.3% to $741.5 million.
Over the next three years they believe they can deliver solid revenue growth and achieve leverage in their cost structure to expand margins.
2016-2018 CAGR Range | 2016 Guidance | |||
GMS Growth | 13-17% | Mid-point of range | ||
Revenue Growth | 20-25% | High end of the range | ||
Gross Margin (by 2018) | Mid 60s (%) | 64-65% | ||
Adjusted EBITDA Margin (by 2018) | High teens (%) | 10-11% |
For earnings history and earnings-related data on Etsy (ETSY) click here.