Benzinga | Oct 28, 2020 04:34PM EDT

Etsy: Q3 Earnings Insights

Shares of Etsy (NASDAQ:ETSY) fell 4.21% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 483.33% over the past year to $0.70, which beat the estimate of $0.58.

Revenue of $451,478,000 rose by 128.08% year over year, which beat the estimate of $411,440,000.

Outlook

Etsy Sees Q4 GMS Year-Over-Year Growth Of 65%-85%

Conference Call Details

Date: Oct 28, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/eventRegistrationServlet?referrer=https%3A%2F%2Finvestors.etsy.com%2F&eventid=2634299&sessionid=1&key=FD83DF855DFF49CE7AA7EAC4D375565C&regTag=

Technicals

Company's 52-week high was at $154.88

Company's 52-week low was at $29.95

Price action over last quarter: Up 5.62%

Company Overview

Etsy Inc is an American retailer of handmade goods, vintage items, and crafted goods. The business model is based on sellers listing products on Etsy's platform. The product categories are clothing and accessories, jewelry, craft supplies and tools, wedding accessories and clothing, entertainment items, home and living, vintage items, and child and baby goods. Etsy's revenue is categorized as: marketplace revenue, seller services, and other revenue. The marketplace consists of a platform where sellers can list their products in exchange of a fee paid to Etsy.