Etsy, a marketplace for independent sellers and second-hand goods, is scheduled to report earnings next week. Revenue growth has topped 100% for each of the past four quarters as consumers turned to the site foras well as other items for their home. Growth is expected to slow to 23% in the quarter that ended in June, according to StreetAccount.
Even after Friday's drop, Etsy shares are still up 64% in the past year, topping the other big e-commerce companies, including Amazon, which is up 9%.Furniture seller Wayfair is also scheduled to announce quarterly results next week. Following four quarters of growth above 40%, revenue is expected to drop 8.4% for the second period, according to StreetAccount.
While the Wedbush analysts still have the equivalent of a buy rating on the stock, they said they expect to see revenue fall by 10% "as demand slows from peak levels." Ebay's results are slated to hit Aug. 11. Its business didn't see as much of a pop over the past few quarters as did other online retailers, in large part because it's been losing market share to rival sites. Growth in the second quarter is expected to slow to about 5% from 6.6% a year earlier and 27% in the first quarter of this year, according to StreetAccount.
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