What Analysts Are Saying About eBay After Earnings
When 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.
[cnxvideo id=”625478″ placement=”ros”]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.
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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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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
