Etsy & Wayfair: Two E-Commerce Stocks Making A Splash - Kalkine Media

May 06, 2021 11:24 AM PDT | By Team Kalkine Media
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Summary

  • Etsy registered a 100% growth over the past year as active buyers soared to 16.3 million.
  • Wayfair saw 52% jump in stock value as business grew in the US and Europe.
  • The number of Wayfair’s active customers soared 57% YoY to 33.2 million.

Riding high on the e-commerce boom, Etsy, Inc. (NASDAQ:ETSY) and Wayfair Inc. (NYSE:W) stocks have seen an extraordinary run on the stock market in the past 12 months.

But the question is can they repeat their incredible roller-coaster performance in 2021?

It’s not an easy answer, considering the challenges they face in a volatile market. But it will perhaps be worthwhile to make an educated guess before leaving everything to luck or destiny.

Here’s a look at how these two companies have performed in the recent months, which may perhaps help us decipher where they may be heading this year.

Pic Credit: Pixabay.

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Etsy, Inc. (NASDAQ:ETSY)

Headquartered in Brooklyn, New York, Etsy Inc. is a major American e-commerce company. It offers a wide variety of products from apparels, tools, child & baby products, entertainment items to wedding gifts and accessories and vintage products from a long line of sellers.

Etsy collects a fee for its services from the sellers. It also has other streams of revenue.

The stock was trading at US$159.88 at 11:57 am ET on Thursday from the previous close. It registered a 100% growth over the past year.

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Its Q1 revenues were equally impressive. Its net income was up 1,048.1% YoY to US$143.8 million during the period ended March 31, 2021, or diluted earnings of US$1.00 per share.

The e-commerce company had 16.3 million active buyers.

Announcing the results, CEO Josh Silverman said that the company’s robust growth strategy, coupled with an innovative products range, has helped deliver better results.

Pic Credit: Pixabay.

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Wayfair Inc. (NYSE:W)

Wayfair is another major in e-commerce company in the US. Headquartered in Boston, Massachusetts, the company operates in the US and Europe. According to Wayfair, around 22 million products from 16,000 sellers were offered on its platform in 2020.

Founded in 2002, the company boasts a wide array of reputed brands such as Joss & Main, Perigold, and Birch Lane and Wayfair. The stock value jumped more than 52% in the 12 months.

Its net revenues surged 49% YoY to US$3.5 billion in Q1, while the number of active customers jumped 57% YoY to 33.2 million. It registered a net income of US $18.2 million.

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Presenting the results, Wayfair CEO and Co-founder Niraj Shah applauded the team for the performance and said that its custom-made platform is designed to focus solely on its customers and suppliers so it can help deliver growth. He said the model has delivered results every time.

The company had last month organised a two-day sale on its platform.


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