Reported 2 days ago
Etsy (ETSY) reported Q1 earnings of $0.46 per share, falling short of the expected $0.50 and marking an 8% surprise decrease. Revenue for the quarter rose to $651.18 million, slightly exceeding estimates. Despite surpassing revenue expectations three times in the past four quarters, Etsy's stock has declined approximately 12.8% this year. The company's current Zacks Rank is #4 (Sell), indicating potential underperformance in the near future as estimates for upcoming quarters remain unfavorable.
Source: YAHOO