Etsy (ETSY) Reports Q3 Earnings: What Key Metrics Have to Say
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Etsy (ETSY) reported $662.41 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 4.1%. EPS of $0.45 for the same period compares to $0.64 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $653.83 million, representing a surprise of +1.31%. The company delivered an EPS surprise of -16.67%, with the consensus EPS estimate being $0.54.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Etsy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Total GMS: $2.92 million compared to the $2.97 million average estimate based on eight analysts.
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Active buyers: 96,707 versus the six-analyst average estimate of 97,186.
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Percent GMS ex-U.S. Domestic: 46% versus the four-analyst average estimate of 46.4%.
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Active sellers: 8,522 versus 9,694 estimated by two analysts on average.
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Revenue- Services: $186.34 million compared to the $179.28 million average estimate based on six analysts. The reported number represents a change of +6.3% year over year.
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Revenue- Marketplace: $476.08 million versus $474.64 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +3.3% change.
View all Key Company Metrics for Etsy here>>>
Shares of Etsy have returned -9.2% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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