Yahoo Finance What To Expect From Etsy's (ETSY) Q2 Earnings
Online marketplace Etsy (NASDAQ:ETSY) will be reporting earnings tomorrow after the bell. Here's what to expect.
Etsy met analysts' revenue expectations last quarter, reporting revenues of $646 million, flat year on year. It was a weaker quarter for the company, with slow revenue growth. It reported 96.39 million active buyers, flat year on year.
Is Etsy a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Etsy's revenue to be flat year on year at $629.2 million, slowing from the 7.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.98 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Etsy has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 3.2% on average.
Looking at Etsy's peers in the consumer internet segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Netflix delivered year-on-year revenue growth of 16.8%, meeting analysts' expectations, and Coursera reported revenues up 10.8%, topping estimates by 3.5%. Netflix traded down 1.5% following the results while Coursera was up 45.1%.
Read our full analysis of Netflix's results here and Coursera's results here.
Investors in the consumer internet segment have had steady hands going into earnings, with share prices up 2% on average over the last month. Etsy is up 11.9% during the same time and is heading into earnings with an average analyst price target of $70.2 (compared to the current share price of $63.8).
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