Is Etsy Stock a Buy?
Etsy's (NASDAQ: ETSY) stock price tumbled after the e-commerce company posted its second-quarter earnings on Wednesday, Aug. 4. It beat Wall Street's top- and bottom-line estimates, but its guidance came up short.
Etsy's revenue rose 23% year over year to $528.9 million, beating estimates by $3.2 million. Its net income grew 2% to $98.3 million, or $0.68 per share, and cleared expectations by four cents.
But for the third quarter, Etsy expects its revenue to rise just 11%-16% year over year, compared to the consensus forecast for 17% growth. That softer-than-expected guidance sank the stock -- but did investors overreact and open up a buying opportunity for long-term investors?
Source Fool.com


