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MARKETS LIVE BLOG:

STOCKS PULL BACK WITH BIG TECH EARNINGS IN FOCUS

Alphabet beats analysts' expectations on top, bottom line as cloud business gains steam

Why This 1 Value Stock Could Be a Great Addition to Your Portfolio

Zacks Equity Research
·2 min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why Investors Should Pay Attention to This Value Stock

Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.

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Etsy (ETSY)

Etsy is primarily an e-commerce service provider that operates a two-sided marketplace platform called Etsy.com. The company completed its Initial Public Offering (IPO) in 2015.

ETSY is a Zacks Rank #3 (Hold) stock, with a Value Style Score of B and VGM Score of A. Shares are currently trading at a forward P/E of 22.3X for the current fiscal year compared to the Internet - Services industry's P/E of 23.6X. Additionally, ETSY has a PEG Ratio of 4.5 and a Price/Cash Flow ratio of 13.9X. Value investors should also note ETSY's Price/Sales ratio of 2.4X.

A company's earnings performance is important for value investors as well. For fiscal 2024, one analyst revised their earnings estimate higher in the last 60 days for ETSY, while the Zacks Consensus Estimate has increased $0.01 to $2.49 per share. ETSY also holds an average earnings surprise of 32.8%.

ETSY should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.

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Etsy, Inc. (ETSY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research