Today’s Research Reports on Stocks to Watch: Wayfair and Etsy

NEW YORK, NY / ACCESSWIRE / May 29, 2018 / Wayfair stock closed in the green after the company announced launch of the Wayfair 3D University, industry’s first comprehensive curriculum of 3D-modeling. Shares of Etsy also closed in the green despite no significant news.

RDI Initiates Coverage on:

Wayfair Inc.
https://rdinvesting.com/news/?ticker=W

Etsy, Inc.
https://rdinvesting.com/news/?ticker=ETSY

On Friday, the shares of Wayfair increased 3.85 percent to close at 89.85. The company last week excitedly announced the launch of Wayfair 3D University the industry’s first comprehensive curriculum of 3D-modeling standards tailored for home furnishings suppliers and manufacturers. “As the leader in home, we are committed to pioneering new technologies and standards that will drive our entire industry forward,” noted Steve Conine, co-founder and co-chairman, Wayfair. “Shopping for home starts with inspiration and discovery, and as shoppers continue to shift online, 3D content will serve as the foundation for visual merchandising as well as innovative applications such as AR and VR. We’re excited to provide a resource to our valued partners that will allow them to best showcase and sell their products not only at Wayfair.com, but on any retail site or application.” The Wayfair 3D University offers fundamentals, best software recommendations and in-depth tutorials, which are open to the community.

Access RDI’s Wayfair Inc. Research Report at:
https://rdinvesting.com/news/?ticker=W

Etsy Inc.’s stocks gained 3.19 percent to close at 30.44 on Friday. The company did not have any news to justify these gains. It was earlier in the month that the company reported first quarter earnings that beat estimates on both top and bottom line. Reported EPS of 10 cents was double than the 5 cents expected by the street. The company reported revenue of $120.9 million which not only beat the street expectation of $120.19 million but was also higher by 24.8 percent year-over-year. GMS or Gross Merchandise Sales reported at $861.1 million in the first quarter of 2018, is an upbeat of 19.8% compared with the first quarter of 2017. The Etsy’s revenue growth is supported by continued performance in mobile web and was backed by 9.4% year-over-year growth in active sellers and 16.9% year-over-year growth in active buyers. “We are pleased to report that GMS and revenue growth accelerated for the third consecutive quarter in Q1,” said Josh Silverman, Etsy, Inc. CEO. “We believe these results underscore the size of the opportunity ahead for Etsy, as well as the continued momentum we are unlocking from our focused execution. We are proud of the tremendous progress we have made in a short amount of time executing against our four key initiatives, and believe we are well positioned to capitalize on the many opportunities ahead.”

Access RDI’s Etsy, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ETSY

Our Actionable Research on Wayfair Inc. (NYSE: W) and Etsy, Inc. (NASDAQ: ETSY) can be downloaded free of charge at Research Driven Investing.

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