What to Watch in eBay's Q2

eBay Inc. (NASDAQ: EBAY) is set to report its second-quarter financial results after the markets close on Wednesday. The consensus estimates from Thomson Reuters are $0.51 in earnings per share (EPS) and $2.66 billion in revenue, which compares to the $0.45 per share and $2.33 billion reported in the same period of last year.

Back in the first quarter, eBay issued guidance for net revenue in a range of $2.64 billion to $2.68 billion and EPS between $0.50 and $0.52 for this quarter.

Also in the first quarter, eBay drove good growth and made further progress with its multiyear effort to transform the customer experience and sharpen the eBay brand. In this time, eBay grew active buyers by 4% across its platforms, for a total of 171 million global active buyers. Underlying total eBay performance, the Marketplace platforms delivered $2.1 billion of revenue and $22.5 billion of gross merchandise value.

Overall, eBay has underperformed the broad markets, with the stock up only 2% in the past 52 weeks. In just 2018 alone, the stock is flat.

Ahead of the earnings report, a few analysts weighed in on the stock:

  • Credit Suisse has an Outperform rating and a $58 price target.
  • Bank of America has a Buy rating with a $46 price target.
  • SunTrust Banks has a Hold rating with a $40 price target.
  • Macquarie’s Neutral rating comes with a $44 price target.
  • Aegis has a Buy rating with a $54 target price.
  • Stifel has a Neutral rating with a $44 target price.
  • UBS has a Buy rating and a $47 price target.

Shares of eBay were last seen at $37.96, with a consensus analyst price target of $47.88 and a 52-week trading range of $33.95 to $46.99.

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