Etsy (ETSY) PT Lowered to $80 at Evercore ISI
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Etsy (ETSY) PT Lowered to $78 at BTIG
May 2, 2024 6:25 AM EDTBTIG analyst Marvin Fong lowered the price target on Etsy (NASDAQ: ETSY) to $78.00 (from $87.00) while maintaining a Buy rating.
The analyst comments "ETSY continues to suffer from softness in discretionary spending as consolidated GMS declined by 3.7%. Etsy marketplace GMS fell 5.3% (5.6% in constant FX). Recall ETSY guided to a LSD decline in 1Q24, although a MSD decline was possible if growth initiatives didn't pan out. March underperformed management's expectations, in part due to a larger-than-expected Easter/Spring Break effect, which detracted from 1Q but was made up for in April. However, there was additional... More
Etsy (ETSY) PT Lowered to $60 at Deutsche Bank
May 2, 2024 6:15 AM EDTDeutsche Bank analyst Leo Horowitz lowered the price target on Etsy (NASDAQ: ETSY) to $60.00 (from $65.00) while maintaining a Hold rating.
The analyst comments "Set against fairly tepid expectations, Etsy reported a 1Q GMS miss, with a 2Q outlook that will continue to call into question the... More
Etsy (ETSY) PT Lowered to $62 at Citi
May 2, 2024 6:00 AM EDTCiti analyst Nicholas Jones lowered the price target on Etsy (NASDAQ: ETSY) to $62.00 (from $72.00) while maintaining a Neutral rating.
The analyst comments "Etsy reported 1Q24 results/2Q24 guidance both below expectations, particularly on GMS. Last quarter management expected 1Q to be the... More
Etsy (ETSY) PT Lowered to $60 at Barclays
May 2, 2024 3:30 AM EDTBarclays analyst Trevor Young lowered the price target on Etsy (NASDAQ: ETSY) to $60.00 (from $67.00) while maintaining a Equalweight rating.... More
After-hours movers: Qualcomm, Carvana rise; DoorDash, Etsy, Fastly fall
May 1, 2024 4:49 PM EDTAfter-Hours Stock Movers:
DoorDash (NASDAQ: DASH) fell 12% after it issued guidance for full year operating profit that trailed estimates.
Qualcomm (NASDAQ: QCOM) rose 4% after it published strong results for its second quarter and issued guidance that... More
Etsy misses first-quarter sales, profit estimates on lower discretionary demand
May 1, 2024 4:35 PM EDT(Reuters) - Etsy missed Wall Street expectations for first-quarter gross merchandise sales (GMS) and profit on Wednesday, hurt by lower demand for its handcrafted goods and personalized gifts at its online marketplace.
WHY IS IT IMPORTANT?
Despite Etsy ramping up spending over the past quarters on promotions and advertising, it struggled to keep up with larger retailers in attracting bargain-hungry customers.
It is also facing... More
Etsy (ETSY) shares down as Q1 print shows 'lack of acceleration'
May 1, 2024 4:30 PM EDT(Updated - May 2, 2024 5:28 AM EDT)
Etsy (NASDAQ: ETSY) saw its shares plummet over 13% in premarket trading Thursday after the company missed expectations on top and bottom lines in fiscal Q1 2024.
The e-commerce company posted Q1 earnings per share (EPS) of $0.48, slightly below the analyst estimate of $0.49. Revenue for the quarter was $645.95 million, narrowly missing the consensus estimate of $646.21 million.
The non-GAAP Adjusted EBITDA margin for the quarter stood at approximately 26.0%.
Consolidated Gross Merchandise Sales (GMS) totaled $3.0 billion, marking a decrease of 3.7% year-over-year and a 4.1% drop on a currency-neutral... More
Etsy (ETSY) Misses Q1 EPS by 1c
May 1, 2024 4:12 PM EDTEtsy (NASDAQ: ETSY) reported Q1 EPS of $0.48, $0.01 worse than the analyst estimate of $0.49. Revenue for the quarter came in at $645.95 million versus the consensus estimate of $646.21 million.
For earnings history and earnings-related data on Etsy (ETSY) click here.
... MoreEtsy (ETSY) call put ratio 1 call to 1.4 puts into quarter results
May 1, 2024 10:21 AM EDTEtsy (NASDAQ: ETSY) May weekly call option implied volatility is at 174, May is at 84; compared to its 52-week range of 38 to 73 into the expected release of quarter results today after the bell. Call put ratio 1 call to 1.4 puts.
... MoreEtsy (ETSY) call put ratio 1 call to 3.8 puts into quarter results
April 30, 2024 11:17 AM EDTEtsy (NASDAQ: ETSY) May weekly call option implied volatility is at 149, May is at 83; compared to its 52-week range of 38 to 73 into the expected release of quarter results after the bell on May 1. Call put ratio 1 call to 3.8 puts.
... MoreEtsy (ETSY) May weekly 69 straddle priced into quarter results
April 30, 2024 4:00 AM EDTEtsy (NASDAQ: ETSY) May weekly 69 straddle priced for a mov of 12% into the expected release of quarter results after the bell on May 1.
... More