This. Never. Happens. Wall Street analysts who cover ecommerce companies will have to scramble on May 4th when eBay and Etsy’s earnings calls will overlap.
Typically the companies’ respective CEOs and CFOs give a presentation and then open up the call to questions from Wall Street analysts, with the calls lasting an hour.
But Etsy’s first-quarter earnings call will begin at 5 pm Eastern on the 4th, and eBay’s will begin at 5:30 pm.
Luckily for analysts, Amazon will hold its Q1 earnings call the week before on April 28th at 5:30 pm.
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.
Too bad I can’t post a screen shot of Ebay and Etsy stock activity.
Both graphs are eerily similar.
Both stocks are in a tail spin into 2020 territory.
They Both need the wrecking ball.
Start over…
Just sleep in. Neither company is worth your time. Liars are a dime a dozen.
Wait WHAT a Walker`s reunion ?
We all know who’ll be paying !
@The End…. You say…”Too bad I can’t post a screen shot of Ebay and Etsy stock activity. Both graphs are eerily similar”.
Search for “Nasdaq Graph”. The Nasdaq graph is pretty much the same as Etsy and Ebay, because both Etsy and Ebay trade under Nasdaq. Nasdaq began to sell-off in Fall of 2021 as investors were concerned that inflation would bite into many businesses. Ebay and Etsy were a part of that “sell-off”. Many tech and retailers are seeing new market “lows”. This “sell-off” has more to do with the overall U.S. retail environment rather that performances of each individual company.
Yes the Nasdaq is down with the rest of the markets but in the last 6 months Amazon has dropped 11.28%, eBay has dropped 29.68% and Etsy has dropped 51.21%. When a company is bad and the market goes down the bad ones drop the most.
Times are tough right now. Shameful the resolution appears to dig deeper in our pockets just for their shares while many are suffering dearly.
For Etsy it appears they rush the sales for new sellers to get them up to the $10,000.00 so they can charge them higher fees. I would bet the newbies do not realize it’s a short ride into devastation. For others, they are sitting on stock they cannot sell so they can boost the others to 10 GRAND.
****A bad company or an overpriced stock price***
Etsy warned Wall Street, in February, that Etsy believes their sales for the first half of 2022 to be “soft” because U.S. government stimulus is over.
The U.S. government spent over $1 trillion dollars to keep the economy afloat during Covid. And with that, came a healthy consumer that spent like crazy online, especially in Home Improvement..(Etsy had reported that big gains were made in their Home and Living category). But now that stimulus money is over, retail spending for many online sites are shrinking, while those who are vaccinated are booking flights for summer vacations.
Take a look at the stock price for Home Depot and Lowes. Both stocks have the same “sell-off” as Etsy and Ebay, because they too, are seeing a downturn in activity, and yet are considered to be very good companies. And anymore, Amazon’s core business is NOT their retail business. Amazon’s true money maker is in their “Cloud Division”, which remains strong for businesses who store their data off-site.
I’d love to think these e-commerce sites are feeling pain for being bad companies, however, I do not believe that. Many say that Etsy’s stock was severely over priced, and therefore felt the most pain when investors rotated out of the Covid “Stay at Home” stocks.
Having said that, can a company like Etsy recover and how long will it take Etsy to see another $296 stock price. INTERESTING NOTE….I read that CEO Silverman sold a bunch of stock during the “Strike” week, on April 13th. A CEO selling stock at $116 does not give me a vote of confidence on Etsy’s near future. And now Etsy has a bunch of sellers who say that Etsy is nothing but a bunch of thieves who bleed their sellers in order to buy more companies. I’m hoping that Etsy will end-up over extending itself as inflation increases and consumers contract spending.
https://www.defenseworld.net/2022/04/16/etsy-inc-nasdaqetsy-ceo-josh-silverman-sells-20850-shares.html
Time will tell…