Etsy Second-Quarter Earnings Preview
Analysts Project Flat Revenue, Modest EPS Growth
Revenue Expected to Remain Steady While EPS May Show Slight Increase
Etsy, Inc. (ETSY) is set to release its second-quarter 2024 financial results on July 31. Analysts anticipate that the online marketplace will post flat revenue compared to the same period last year. However, earnings per share (EPS) are expected to show a modest increase.
According to consensus estimates, Etsy is projected to report EPS of $0.447 for the quarter, representing a potential increase of less than 1% year-over-year. This estimate is based on expectations of moderate growth in the company's core marketplace business, partially offset by a decline in its newer Klarna segment.
Analysts will be closely monitoring Etsy's guidance for the remainder of the year, particularly in light of recent market volatility and macroeconomic uncertainties. Etsy's performance will provide insights into consumer spending patterns and the health of the e-commerce industry.
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