PREVIEW: ETSY shares gain; seen reporting Q1 EPS drop, revenue increase

** Shares in ETSY Inc ETSY up 1% on Wednesday ahead of quarterly report due out after market close

** Wall Street sees the online retailer reporting adj EPS of $0.49 vs $0.53 in year-ago quarter on rev of $646.33 mln, which would be up 2.4%, according to the latest data from LSEG

** In last 8 quarters eBay met or beat EPS expectations 5 times while its rev met or beat 7 times

** Stock last traded at $69.35 vs median PT of $80 according to LSEG, which shows 32 analyst ratings: 4 'strong buy,' 9 'buy,' 15 'hold, 3 'sell' and 1 'strong sell'

** YTD shares in ETSY down ~14% vs 0.04% decline for S&P 500 consumer discretionary sector