Etsy, Inc. (NASDAQ:ETSY) Expected To Post Earnings Of $0.58 Per Share

Wall Road brokerages forecast that Etsy, Inc. (NASDAQ:ETSY) will submit earnings per share of $0.58 for the present quarter, Zacks studies. Seven analysts have issued estimates for Etsy's earnings, with estimates starting from $0.45 to $0.72. Etsy posted earnings of $0.75 per share in the identical quarter final 12 months, which might counsel a unfavourable year-over-year development price of twenty-two.7%. The agency is anticipated to report its subsequent quarterly earnings report on Wednesday, August 4th.

In line with Zacks, analysts anticipate that Etsy will report full 12 months earnings of $2.91 per share for the present fiscal 12 months, with EPS estimates starting from $2.44 to $3.57. For the following fiscal 12 months, analysts anticipate that the agency will report earnings of $3.40 per share, with EPS estimates starting from $1.25 to $5.23. Zacks' earnings per share calculations are a median primarily based on a survey of sell-side analysts that cowl Etsy.

Etsy (NASDAQ:ETSY) final issued its earnings outcomes on Wednesday, Could fifth. The specialty retailer reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.84 by $0.16. Etsy had a internet margin of 16.83% and a return on fairness of 46.30%.

A number of analysts have commented on ETSY shares. DA Davidson elevated their worth goal on shares of Etsy from $167.00 to $234.00 and gave the corporate a "purchase" ranking in a analysis report on Friday,

 » Read more from www.marketbeat.com