Etsy Earnings: Here's What to Watch
Etsy (NASDAQ: ETSY) is down almost 60% from its 52-week high and is set to report earnings after the closing bell on Thursday, Feb. 24. Here are the metrics you'll want to watch to see whether the stock has any hope to regain its losses.
Fewer people are buying and selling on Etsy's marketplace. New buyers on Etsy have decreased for three consecutive quarters, from 12.8 million in Q4 2020 to 7.0 million in Q3 2021. Furthermore, the company has reported a slight decline in its active buyers and repeat buyers over the past two quarters -- a cumulative 0.3% and 0.8%, respectively. And its habitual buyers, which the company defines as buyers with six or more purchase days and $200 or more in spending in the trailing 12 months, increased only 1.2% during the same time period.
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Source Fool.com
