The Latest Breaking News from Etsy

Etsy Inc (NASDAQ: ETSY) shares are trading lower by 13.58% at $94.50 after the company reported first-quarter earnings results and issued second-quarter sales guidance below analyst estimates.

Etsy Inc (NASDAQ: ETSY) reported first-quarter revenue growth of 5.2%

Etsy (NASDAQ:ETSY) is set to give its latest quarterly earnings report on Wednesday, 2022-05-04. Here's what investors need to know before the announcement. Analysts estimate that Etsy will report an earnings per share (EPS) of $0.59.

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Over the past 3 months, 6 analysts have published their opinion on Etsy (NASDAQ:ETSY) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

With record-high inflation, upcoming aggressive Federal Reserve rate hikes, and other macroeconomic headwinds, the S&P 500 index reported its worst performance since March 2020. S&P 500 stocks Generac Holdings (GNRC), Etsy (ETSY), NVIDIA (NVDA), Align Technology (ALGN), and Netflix (NFLX) were the worst performers last month.

Etsy (NASDAQ:ETSY) has outperformed the market over the past 5 years by 40.37% on an annualized basis producing an average annual return of 51.81%. Currently, Etsy has a market capitalization of $11.96 billion.

The SPDR S&P 500 ETF Trust (NYSE: SPY) is off to a horrible start to 2022, down 11.7% year-to-date. However, a handful of popular stocks have severely lagged the market and generated much heavier losses for investors this year.

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