Etsy Forecasts $884.4M Q4 Revenue and $1.36 Adjusted EPS
Analysts forecast Etsy’s Q4 revenue at $884.4 million, a 3.8% year-on-year increase, with adjusted earnings per share of $1.36. In Q3 the company generated $678 million in revenue, beating estimates by 3.3%, while active buyers fell 3.7% to 93.16 million.
1. Earnings Preview
Etsy will release its Q4 results this Thursday before the market opens, with analysts projecting revenue of $884.4 million and adjusted earnings per share of $1.36.
2. Past Quarter Performance
In Q3 the company reported $678 million in revenue, a 2.4% year-on-year increase, outperforming analyst estimates by 3.3%, while active buyers decreased 3.7% to 93.16 million.
3. Analyst Expectations
Analysts have maintained forecasts over the past month and anticipate a 3.8% revenue gain in Q4 versus last year; Etsy has missed revenue estimates only once in the past two years, exceeding top-line estimates by an average of 1.7%.
4. Peer and Market Context
Consumer internet stocks have slumped an average 18.7% over the past month, with Etsy down 22.1%; peers saw mixed results, including a 12% revenue decline at Shutterstock and a 12.3% revenue increase at Instacart, which sparked a 7.7% stock rally.