Countdown to Etsy (ETSY) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS

Wall Street analysts forecast that Etsy (ETSY) will report quarterly earnings of $0.54 per share in its upcoming release, pointing to a year-over-year increase of 31.7%. It is anticipated that revenues will amount to $648.01 million, exhibiting no change compared to compared to the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.Bearing this in mind, let's now explore the average estimates of specific Etsy metrics that are commonly monitored and projected by Wall Street analysts.Analysts forecast 'Revenue- Services' to reach $189.56 million. The estimate indicates a year-over-year change of +6.8%.The collective assessment of analysts points to an estimated 'Revenue- Marketplace' of $459.65 million. The estimate indicates a year-over-year change of -2.3%.The combined assessment of analysts suggests that 'Total GMS' will likely reach $2.77 million. The estimate compares to the year-ago value of $2.95 million.Analysts' assessment points toward 'Active buyers' reaching 94,648 . Compared to the current estimate, the company reported 96,610 in the same quarter of the previous year.The consensus among analysts is that 'Active sellers' will reach 8,155 . Compared to the current estimate, the company reported 8,801 in the same quarter of the previous year. View all Key Company Metrics for Etsy here>>> Shares of Etsy have experienced a change of +23.3% in the past month compared to the +4.9% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), ETSY is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Etsy, Inc. (ETSY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks