Shares of Etsy, which closed Friday at $56.67, are up some 170% over the last year as the S&P 500 has risen less than 3%. FactSet’s average price target is around $59, about 4% above current levels.
• Wall Street is looking for earnings of 20 cents per share using standard accounting methods, or 27 cents per share without them, according to FactSet, on revenue of $194.9 million.
The consensus EPS estimate has come down by a penny since the end of December.
• In November, the company boosted its full-year guidance for gross merchandise sales—the measure of how much stuff is sold through Etsy, rather than how much money it makes in connection with those sales—revenue, and adjusted earnings before interest, taxes, depreciation, and amortization margin.
It told investors to expect full-year GMS of between $3.87 billion and $3.9 billion, up 19%-20% year-over-year; revenue of $596-$600 million, up 35%-36%; and an adjusted Ebitda margin of 22%-23% based on the midpoint of its revenue guidance.
That midpoint, $598 million, implies Q4 revenue of $194 million, right around the Street’s consensus.
• In last year’s Q4, Etsy reported EPS of $0.15 using standard accounting methods, or $0.36 without them, on revenue of $136.3 million.
• Etsy’s shares rose after the company reported third-quarter results in November. Those results beat Street estimates for sales and profits; the company launched a fresh buyback program at the same time.
• A conference call with investors is scheduled for 5 p.m. ET Monday.
The company is reporting earnings not long before it’s scheduled to hold its investor day on March 7. A webcast of that event is set for 9 a.m. ET.
This story was first published on Feb. 21, 2019. It was updated to reflect changing share prices.