Etsy beat third-quarter gross merchandise sales (GMS) and revenue estimates on Wednesday, helped by steady demand from new and habitual buyers for handcrafted antiques and customized jewelry and clothing at its online marketplace.
Besides Wall Street's top -and-bottom-line estimates for Etsy (ETSY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Etsy (ETSY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Etsy thrived during the pandemic as consumers flocked to online shopping, but as economic conditions worsened, shares plummeted over 80% from their peak. Despite the stock's decline to 2018 levels, Etsy's revenues have increased 4.5x, margins have expanded, and earnings have quadrupled. Management is implementing strategies like a loyalty program and "Gift Mode" to increase customer engagement and drive gross merchandise sales.
Will Etsy's strategic shift pay off? See what's in store for this struggling e-commerce giant.
Shares of Etsy Inc ETSY have lost around 38% year to date, with the company facing intensifying competition.
Goldman Sachs downgraded Etsy Inc (NASDAQ:ETSY) to "sell" from "neutral" this morning, and lowered its price target to $45 from $70.
Shares in this e-commerce company have languished since the pandemic's height. Will it ever recover to previous highs?
Etsy stock has slipped 36% this year.
Chief Financial Officers now play a critical role in shaping corporate strategy and positioning organizations to meet future challenges. This episode profiles Etsy CFO Rachel Glaser, who's keeping the e-commerce marketplace focused on growth as post-pandemic consumer spending tightens.
Etsy Chief Financial Officer Rachel Glaser has announced she'll retire in 2025, capping a career that included nearly two decades as a CFO. On Bloomberg Chief Future Officer, she tells Caroline Hyde why she's choosing to step down, and what the future holds for Etsy and the next CFO.
Etsy CFO Rachel Glaser believes the e-commerce marketplace is 'uniquely positioned' to reap the benefits of its investments in artificial intelligence and machine learning. Glaser and CEO Josh Silverman tell Caroline Hyde about Etsy's initiatives to drive more shoppers to the site and turn them into repeat buyers on Bloomberg Chief Future Officer.