Here's What to Expect From Etsy's Next Earnings Report

Brooklyn, New York-based Etsy, Inc. (ETSY) is an e-commerce service provider. It operates a two-sided online marketplace platform that connects artisans and entrepreneurs with consumers. With a market cap of $7 billion, Etsy’s operations span multiple countries in the Americas, Europe, and internationally. It is expected to announce its Q2 earnings after market closes on Wednesday, July 31.

Ahead of the event, analysts expect Etsy to report a profit of $0.46 per share, down 44.6% from $0.83 per share reported in the year-ago quarter. The company has surpassed or matched Wall Street’s EPS projections in three of the past four quarters while missing on one other occasion. Its EPS for the last reported quarter declined by 9.4% year over year to $0.48 and missed the projections by 2%.