Etsy (ETSY) Profitable Due To One Time Benefit - Wedbush
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RBC Capital Raises Price Target on Etsy (ETSY) to $11 Following 1Q Beat
May 4, 2016 7:36 AM EDTRBC Capital reiterated a Sector Perform rating on Etsy (NASDAQ: ETSY), and raised the price target to $11.00 (from $10.00), following the company's 1Q earnings report. Etsy reported revenue of $81.8MM, which was above the Street's estimates at $75MM. EBITDA of $14.8MM also came in above... More
Etsy (ETSY) Tops Q1 Views
May 3, 2016 4:10 PM EDTEtsy (NASDAQ: ETSY) reported Q1 EPS of 0.01, 3 cents better than analyst estimate of ($0.02). Revenue for the quarter came in at $81.85 million versus the consensus estimate of $75.15 million.
Non-GAAP Adjusted EBITDA for the first quarter was $14.8 million and grew 121.1% year-over-year. Non-GAAP Adjusted EBITDA margin was 18.0%, up 660 bps year-over-year. Non-GAAP Adjusted EBITDA performance was impacted by leverage in employee related costs, the previously mentioned high incremental margin gift card revenue and leverage in marketing spend. In the second quarter, we expect to accelerate the pace of hiring and... More
