Etsy Soars Ahead of Earnings. Here's the Secret to Its Sales Growth. -- Barrons.com
Etsy Soars Ahead of Earnings. Here's the Secret to Its Sales Growth. -- Barrons.com
DJ Etsy Soars Ahead of Earnings. Here's the Secret to Its Sales Growth. -- Barrons.com
By Eric J. Savitz
Etsy shares are on the rise as investors anticipate big things from the online crafts marketplace when it reports second-quarter earnings after the close of trading on Wednesday.
Etsy (ETSY) shares have been driven in particular by its growing role as a seller of custom face masks during the Covid-19 pandemic. When it reported first-quarter results, Etsy projected second-quarter revenue of $310 million to $340 million, up between 70% and 90%, with gross merchandise sales of $2 billion to $2.2 billion, up 80% to 100%. The company said adjusted Ebitda would range from $75 million to $90 million. Street consensus calls for revenues of $330 million and profits of 39 cents a share.
But if the past is prelude, there is reason to think that the company could blow past estimates. Last week, Amazon (AMZN) posted June quarter sales that were dramatically above its own guidance, Shopify (SHOP) likewise crushed Street estimates for the quarter and eBay (EBAY) had above-consensus sales for the quarter.
Needham analyst Rick Patel on Monday repeated his Buy rating on the stock, lifting his price target to $130, from $88.
"Etsy's stock performance suggests the market is anticipating strong results, and we believe the company will deliver," he writes in a research note. Patel notes that strong face mask demand drove acceleration in gross merchandise sales early in the quarter, and he says surveys suggest demand for face masks should stay strong in the third quarter. He also asserts that "the majority of customers new to Etsy are likely to become loyal ones, which should drive long-term growth."
Etsy on Monday is up 5.8%, to $125.27. The stock is up 183% year to date.
Write to Eric J. Savitz at eric.savitz@barrons.com
(END) Dow Jones Newswires
August 03, 2020 13:42 ET (17:42 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
DJ Etsy Soars Ahead of Earnings. Here's the Secret to Its Sales Growth. -- Barrons.com
DJ Etsy在盈利之前飆升。以下是其銷售增長的祕訣。--Barrons.com
By Eric J. Savitz
作者：埃裏克·J·薩維茨
Etsy shares are on the rise as investors anticipate big things from the online crafts marketplace when it reports second-quarter earnings after the close of trading on Wednesday.
Etsy的股價正在上漲，因為投資者預計，在週三收盤後公佈第二季度收益時，在線手工藝品市場將出現重大變化。
Etsy (ETSY) shares have been driven in particular by its growing role as a seller of custom face masks during the Covid-19 pandemic. When it reported first-quarter results, Etsy projected second-quarter revenue of $310 million to $340 million, up between 70% and 90%, with gross merchandise sales of $2 billion to $2.2 billion, up 80% to 100%. The company said adjusted Ebitda would range from $75 million to $90 million. Street consensus calls for revenues of $330 million and profits of 39 cents a share.
尤其是在新冠肺炎疫情期間，ETSY作為定製口罩銷售商的角色越來越大，這推動了ETSY的股價上漲。在公佈第一季度業績時，Etsy預計第二季度營收為3.1億至3.4億美元，增長70%至90%，商品銷售總額為20億至22億美元，增長80%至100%。該公司表示，調整後的EBITDA將在7,500萬美元至9,000萬美元之間。華爾街的共識是營收為3.3億美元，利潤為每股39美分。
But if the past is prelude, there is reason to think that the company could blow past estimates. Last week, Amazon (AMZN) posted June quarter sales that were dramatically above its own guidance, Shopify (SHOP) likewise crushed Street estimates for the quarter and eBay (EBAY) had above-consensus sales for the quarter.
但如果過去是前奏，有理由認為該公司可能會超出預期。上週，亞馬遜(Amazon)公佈的6月份季度銷售額大大高於自己的指引，Shopify也同樣打破了華爾街對該季度的預期，eBay的季度銷售額也高於市場普遍預期。
Needham analyst Rick Patel on Monday repeated his Buy rating on the stock, lifting his price target to $130, from $88.
李約瑟(Needham)分析師裏克·帕特爾(Rick Patel)週一重申了他對該股的買入評級，將目標價從88美元上調至130美元。
"Etsy's stock performance suggests the market is anticipating strong results, and we believe the company will deliver," he writes in a research note. Patel notes that strong face mask demand drove acceleration in gross merchandise sales early in the quarter, and he says surveys suggest demand for face masks should stay strong in the third quarter. He also asserts that "the majority of customers new to Etsy are likely to become loyal ones, which should drive long-term growth."
他在一份研究報告中寫道：“Etsy的股票表現表明，市場預計會有強勁的業績，我們相信該公司會實現這一目標。”帕特爾指出，強勁的口罩需求推動了本季度初商品銷售總額的加速，他表示，調查顯示，第三季度對口罩的需求應該會保持強勁。他還斷言，“Etsy的大多數新客户可能會成為忠實客户，這應該會推動長期增長。”
Etsy on Monday is up 5.8%, to $125.27. The stock is up 183% year to date.
Etsy週一上漲5.8%，至125.27美元。今年到目前為止，該股上漲了183%。
Write to Eric J. Savitz at eric.savitz@barrons.com
寫信給埃裏克·J·薩維茨(Eric J.Savitz)，電子郵件：eric.savitz@Barrons.com
(END) Dow Jones Newswires
(完)道瓊斯通訊社
August 03, 2020 13:42 ET (17:42 GMT)
2020年08月03日美國東部時間13：42(格林尼治標準時間17：42)
Copyright (c) 2020 Dow Jones & Company, Inc.
版權所有(C)2020道瓊斯公司。
譯文內容由第三人軟體翻譯。
風險及免責聲明
- 分享到weixin
- 分享到qq
- 分享到facebook
- 分享到twitter
- 分享到微博
- 粘贴板
使用瀏覽器的分享功能，分享給你的好友吧