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What Analysts Are Saying About eBay After Earnings

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When eBay Inc. (NASDAQ: EBAY) released its most recent quarterly earnings report late on Wednesday, the response from investors was not entirely positive, and analysts shied away from the stock for the most part.

24/7 Wall St. has included a few key highlights from the earnings report, as well as what a few analysts have said about the company after it reported.

The e-commerce giant posted $0.49 in earnings per share (EPS) and $2.22 billion in revenue. The consensus estimates from Thomson Reuters had called for $0.48 in EPS and revenue of $2.21 billion. The first-quarter from last year reportedly had EPS of $0.47 and $2.14 billion in revenue.

During this quarter, eBay added 2 million active buyers across its platforms, for a total of 169 million.

Also in terms of guidance for the coming quarter, the company expects net revenue to be in the range of $2.28 billion to $2.32 billion with EPS between $0.43 and $0.45. The consensus estimates are $0.47 in EPS and $2.32 billion in revenue in the second quarter.

After earnings were released, a few analysts weighed in on eBay:

  • Goldman Sachs has a Buy rating with a $39 price target.
  • Credit Suisse has a Neutral rating with a $34 price target.
  • Canaccord Genuity reiterated a Hold rating but raised its price target to $32 from $31.
  • Monness Crespi & Hardt downgraded the stock to Neutral.
  • JMP Securities reiterated a Market Perform rating.
  • Susquehanna reiterated a Positive rating with a $36 price target.
  • Cowen reiterated a Market Perform rating with a $30 price target.

Shares of eBay were last seen down 2.6% at $32.99 on Thursday, with a consensus analyst price target of $35.15 and a 52-week trading range of $22.30 to $34.74.

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