Etsy, Inc. (NASDAQ:ETSY) a commerce platform to make, sell, and buy goods online and offline, is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.58 per share.
Looking ahead, the full year income are expected at $ 1.94 per share on the revenues of $ 1503.74 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 366.00 million ~ $ 426.00 million
Full Year 2020 topline are forecasted in a range of$ 1,040.00 million ~ $ 1,060.00 million
Click Here For More Historical Outlooks Of Etsy, Inc.
Previous Quarter Performance
Etsy, Inc. unveiled income for the second quarter of $ 0.75 per share, from the revenue of $ 428.74 million. According to street consensus, ETSY was expected to report 2Q20 income of $ 0.39 per share from revenue of $ 329.95 million. The bottom line results beat street analysts by $ 0.36 or 92.31 percent, at the same time, top line results outshined analysts by $ 98.79 million or 29.94 percent.
Stock Performance
Shares of Etsy, Inc. traded up $ 6.05 or 4.33 percent on Tuesday, reaching $ 145.78 with volume of 4.58 million shares. Etsy, Inc. has traded high as $ 147.64 and has cracked $ 141.30 on the downward trend
According to the previous trading day, closing price of $ 145.78, representing a 366.54 % increase from the 52 week low of $ 29.95 and a 9.78 % decrease over the 52 week high of $ 154.88.
The company has a market capital of $ 18.46 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Conference Call
Etsy, Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.etsy.com
Etsy, Inc. operates Etsy.com, an online market place for buyers and sellers to sell goods primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. The company offers approximately 60 million items in its various retail categories to buyers.
