Corporate Event Risk Calendarĭigging into the upcoming earnings report, data from Option Research & Technology Services (ORATS) show a consensus EPS forecast of $0.82 compared to $1.11 of per-share profits earned in the same period a year ago. 22 after market close with a conference call immediately after results hit the tape. Looking ahead, corporate event data provided by Wall Street Horizon show a confirmed Q4 2022 earnings date of Wednesday, Feb. Etsy: Earnings, Valuation, Free Cash Flow Forecasts Overall, the valuation looks about fair here. The forward PEG ratio is 2.5 compared with a 2.66 5-year mean, so that is about fairly valued. Seeking Alpha shows a five-year average multiple of 10 and a current trailing P/S of 7.3, shares may be decently priced. But let's take a look at ETSY's historical price-to-sales ratio. With high operating and GAAP earnings multiples, you might say the stock is pricey. The Bloomberg consensus forecast is not quite as upbeat as what BofA sees. Per-share profit growth is seen as rebounding at a healthy clip in 2024, though. On valuation, analysts at BofA see earnings having fallen 10% in 2022 and giving back another 4% this year. Watch out for clues on how the firm is gaining penetration into new markets as well as gaining market share in existing regions and with current demographics. That optimism has been reflected in ETSY's rebounding share price this year. Key risks ahead of the Q4 report include how discretionary spending holds up, but recent retail sales data suggest Americans keep on spending. With solid sales growth now, and tough 2021 comps having passed, better earnings headline risk is likely. The New York-based $16.8 billion market cap Internet and Direct Marketing Retail industry company within the Consumer Discretionary sector trades at a high 34.9 trailing 12-month operating price-to-earnings ratio and has negative GAAP earnings over the past 12 months (care of a major one-time impairment charge reported in its Q3 report last year) while not paying a dividend, according to The Wall Street Journal.Įtsy has emerged as a high-margin market that is differentiated from other large retailers, helping to make this growth stock's earnings and free cash flow positive. Revenue is primarily generated from listing and transaction fees, seller services such as advertising, and shipping labels. As of 2021, Etsy generated $13.5bn in gross merchandise sales and $2.3bn in total revenues. It specializes in handmade and/or vintage items, art, and craft supplies. Consumers Doing What They Do BestĪccording to Bank of America Global Research, Etsy is a US-based e-commerce company that operates online marketplaces connecting nearly 100mn buyers and 9mn sellers globally. More clues on the consumer will be seen in Etsy's Q4 report next week. The rally is not all that surprising given the massive strength in the American consumer as evidenced by the January Retail Sales data and recently strong card-spending figures from BofA. I'm a hold, though, as the valuation is no longer cheap after shares have more than doubled off the June 2022 low. It's not your typical speculative discretionary stock. Who puts Jesus on the throne in America? Raise your hand.10'000 Hours/DigitalVision via Getty ImagesĮtsy ( NASDAQ: ETSY) sports high growth after this year with positive free cash flow. Who loves Jesus Christ here? Raise your hand. I know it's hard for people to talk about God, but I love my God. Credit: Heaven Casey via Storyful Video transcript Hold the Line founder Sean Feucht told Fox News Disney had crossed a line when they began to “enable those who want to fight to sexualize our kids.”įox 11 Los Angeles said the protest was tied to Disney’s response to Florida’s Parental Rights in Education bill, sometimes referred to as the “Don’t Say Gay” bill, which Disney’s CEO has publicly denounced.įeucht’s group has also launched a petition. The Christian group Hold the Line organized a rally outside Disney’s headquarters in Burbank, California, on April 6 to protest what it said was the “overt sexualization” of children as part of the company’s “woke” agenda.Ī statement from Hold the Line read: “We’re saying ‘enough is enough’ to the overt sexualization of our children and it’s time to act! Parents, conservatives, and believers from California and the nation are gathering at Disney Headquarters to pray, worship and hold the line against this perversion.”
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