grinvalds
E-commerce platform Etsy (NASDAQ:ETSY) could be a potential out-performance candidate in an environment of easing inflation and a speculative buy before the company releases its second fiscal quarter earnings on July 24, 2024. Etsy disappointed in the first-quarter with a weak gross merchandise sales number — a key metric for e-Commerce companies that measures the amount of total revenues generated on an e-Commerce platform — causing shares to drop. This has created a situation in which investors have low expectations for the upcoming quarter. Since inflation also continued to ease throughout the second-quarter, I believe ETSY is potentially set for a strong earnings sheet which could act as a catalyst for an upside breakout!
Previous rating
I rated shares of Etsy a buy in July 2021 due to favorable marketplace economics and strong growth in its customer base. Another reason why I liked shares of Etsy was…
