Etsy (ETSY) Tops Q3 EPS by 8c
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November 4, 2021 7:49 AM EDT
Shares of Etsy (NYSE: ETSY) are trading slightly lower in pre-open Thursday after the company reported its third-quarter results.
Etsy reported Q3 EPS of $0.62 to easily top the analyst estimate of $0.54. Revenue for the quarter came in at $532.4 million versus the consensus estimate of $519.06 million. GMS came in at $3.1 billion, up 17.9% year-over-year.
For this quarter, Etsy is calling for sales of $660 million to $690 million, lower than the analyst consensus of $689.94... More
November 4, 2021 6:21 AM EDT
Needham & Company analyst Anna Andreeva raised the price target on Etsy (NASDAQ: ETSY) to $265.00 (from $250.00) while maintaining a Buy rating.
The analyst commented, "ETSY's strong 3Q21 results (beat on GMS, Sales an EBITDA) illustrate impressive strength at core Etsy brand (GMS +24% ex masks, despite... More
