February, 2021

Will Etsy’s (ETSY) Q4 growth be enough for investors?

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Etsy (ETSY)

Etsy (ETSY) reports earnings for 20Q4 (ended 12/31/20) after the bell today… Could it become another victim of a status quo shift?

With consumer demand up a whopping +94% YoY in the reporting quarter, we’re not ready to give up just yet.

That said, ETSY will soon encounter the same challenging comps as Best Buy, so the next few quarters will be critical for determining if Etsy was being propped up by a lockdown economy.

We’re officially neutral for the upcoming report, but we’re still maintaining a long-term bullish outlook.

ETSY Quarterly Purchase Intent

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