Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Etsy Inc    ETSY

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

Etsy Inc : Free Post Earnings Research Report: Etsy’s Revenue Surged 21.5%; Reported Profit as Compared to Loss in the Year Ago Same Period

share with twitter share with LinkedIn share with facebook
share via e-mail
12/18/2017 | 01:52pm CET

Stock Monitor: Pier 1 Imports Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 18, 2017 / Active-Investors free earnings report on Etsy, Inc. (NASDAQ: ETSY) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=ETSY. Etsy reported its third quarter fiscal 2017 operating results on November 06, 2017. The global marketplace for unique and creative goods outperformed top- and bottom-line expectations and reiterated its full-year 2017 forecast. Register today and get free access to our complimentary member's area where many more reports are available:


Active-Investors.com is currently working on the research report for Pier 1 Imports, Inc. (NYSE: PIR), which also belongs to the Services sector as the Company Etsy. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Etsy most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:


Earnings Highlights and Summary

For its third quarter ended September 30, 2017, Etsy's total revenue surged 21.5% $106.38 million on a y-o-y basis compared to $87.56 million in Q3 2016, driven by growth in both Markets and Seller Services revenue. The Company's revenue numbers exceeded analysts' estimates of $104.6 million.

During Q3 2017, Etsy's Markets revenue grew 11.2% to $42.41 million on a y-o-y basis, driven by growth in transaction fee revenue and, to a lesser extent, growth in listing fee revenue. Etsy's seller Services revenue jumped 30.6% at $63.37 million on a y-o-y basis in the reported quarter, driven primarily by revenue growth in Etsy Payments and Promoted Listings, and represented 60% of total revenue.

For Q3 2017, Etsy's gross profit was $70.0 million, up 20.2% on a y-o-y basis and gross margin was 65.8%, down 70 bps compared to 66.5% in Q3 2016. The Company's total operating expenses were $62.6 million in the reported quarter, up 12.6% on a y-o-y basis.

Etsy reported net income for Q3 2017 of $25.8 million, with diluted earnings per share of $0.21, compared to a net loss of $2.4 million and a net loss per share of $0.02 in Q3 2016. The Company's reported quarter net income included an income tax benefit of $12.6 million, an $8.1 million foreign exchange gain, and $2.4 million in interest expense associated with the build-to-suit lease accounting related to Etsy's new headquarters. Etsy's earnings beat Wall Street's estimates of $0.05 per share.

For Q3 2017, Etsy's non-GAAP adjusted EBITDA soared 74.4% on y-o-y basis to $22.8 million. The Company's non-GAAP adjusted EBITDA margin was 21.4%, up 650 bps y-o-y. Etsy's non-GAAP adjusted EBITDA performance was driven primarily by revenue growth and lower employee-related expenses mainly due to the headcount reductions in May and June 2017.

Operational Highlights

For Q3 2017, Etsy's gross merchandise sales (GMS) jumped 13.2% to $766.4 million on a y-o-y basis. The Company's GMS growth accelerated by 140 bps on a q-o-q basis, following several successful launches of new features and tools. At the end of the reported quarter, Etsy had 32 million asset buyers, up 17% on a y-o-y basis and over 1.9 million active sellers, up 11% compared to the year-ago same period.

During Q3 2017, Etsy's percent mobile visits was approximately 67% compared to approximately 65% in Q3 2016. The Company's percent mobile GMS was approximately 52% in the reported quarter compared to approximately 49% in the prior year's same quarter. Etsy noted that Mobile web was the largest driver of both overall visit growth and mobile GMS growth. The Company's Mobile web visits were approximately 47% of overall visits and mobile app and mobile web GMS each grew significantly faster than desktop GMS during Q3 2017.

During Q3 2017, Etsy's percent international GMS was approximately 34%, up from approximately 30% in Q3 2016. The Company's net international GMS growth accelerated to approximately 25% y-o-y and grew faster than overall GMS during the reported quarter for the sixth consecutive quarter.

Cash Matters

During Q3 2017, Etsy's net cash provided by operating activities was $16.9 million compared to $10.3 million in Q3 2016, primarily driven by revenue growth and savings in employee-related and other costs. The Company's cash, marketable securities, and short-term investments were $310.7 million as of September 30, 2017.


For full-year 2017, Etsy re-affirmed its guidance for GMS revenue and adjusted EBITDA margin. The Company continues to expect GMS growth to be 12% to 14% y-o-y; revenue growth to be 18% to 20% y-o-y; and adjusted EBITDA margin to be 16% to 18%.

Stock Performance Snapshot

December 15, 2017 - At Friday's closing bell, Etsy's stock climbed 1.79%, ending the trading session at $20.50.

Volume traded for the day: 3.10 million shares, which was above the 3-month average volume of 1.93 million shares.

Stock performance in the last month ? up 24.74%; previous three-month period ? up 19.67%; past twelve-month period ? up 63.35%; and year-to-date ? up 74.02%

After last Friday's close, Etsy's market cap was at $2.47 billion.

Price to Earnings (P/E) ratio was at 175.21.

The stock is part of the Services sector, categorized under the Specialty Retail, Other industry. This sector was up 0.7% at the end of the session.


Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: [email protected]

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

© Accesswire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ETSY INC
01/19 ETSY : Baltimore entrepreneurship program for moms expanding
01/16 ETSY : The Thorn And Moon Magickal Market Offers Magic for the Daring
01/09 ETSY PREDICTS 2018 TRENDS TO WATCH : The Year of the Perfectly Imperfect
01/06 ETSY : Sevier business gets boost from Co-Starters program
01/06 FOND OF DABBLING : Artist Liz Pawlik has found her niche in jewelry
01/05 Internet Association to join expected net neutrality lawsuit
01/04 SHOPIFY US : Logic Inbound Deems Etsy Best for Small Sellers
01/03 ETSY : to Present at the Citi 2018 Global TMT West Conference
01/02 ETSY : donated gifts to 15 local families in need through Good Shepherd's Adopt-..
2017 ETSY : Side hustles a popular way to bring in holiday money Side hustles bring i..
More news
News from SeekingAlpha
01/12 ETSY : Poach The Migrating Merchants
01/12 Morgan Stanley negative on Etsy
2017 Etsy rallies after KeyBanc upgrade
2017 Etsy A Long-Term Growth Prospect Despite Current High Valuations
2017 Etsy to use Google for cloud services
Financials ($)
Sales 2017 438 M
EBIT 2017 8,30 M
Net income 2017 47,6 M
Finance 2017 293 M
Yield 2017 -
P/E ratio 2017 49,87
P/E ratio 2018 68,81
EV / Sales 2017 4,81x
EV / Sales 2018 3,93x
Capitalization 2 398 M
Duration : Period :
Etsy Inc Technical Analysis Chart | ETSY | US29786A1060 | 4-Traders
Technical analysis trends ETSY INC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 12
Average target price 18,5 $
Spread / Average Target -6,0%
EPS Revisions
Joshua G. Silverman President, Chief Executive Officer & Director
Frederick R. Wilson Chairman
Linda Findley Kozlowski Chief Operating Officer
Rachel C. Glaser Chief Financial Officer
Mike Brittain Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
ETSY INC-4.16%2 398
KERING1.98%63 590
WESFARMERS LTD-2.00%39 620
AEON CO LTD-2.32%14 772