What to Look For in eBay Earnings After the Close
eBay is scheduled to report its most recent quarterly results after the markets close on Wednesday, and year-over-year growth is expected on the bottom line.
eBay Inc. (NASDAQ: EBAY | EBAY Price Prediction) is scheduled to report its most recent quarterly results after the markets close on Wednesday. The consensus forecast calls for $0.62 in earnings per share (EPS) and $2.68 billion in revenue. The same period of last year reportedly had $0.53 in EPS and $2.73 billion in revenue.
The company previously issued guidance, saying that it expects to see EPS in the range of $0.61 to $0.63 and net revenue between $2.64 billion and $2.69 billion.
In the first quarter, eBay grew active buyers by 4% across its platforms, for a total of 180 million global active buyers. Underlying total eBay performance, the Marketplace platforms delivered $2.2 billion of revenue and $21.6 billion of gross merchandise volume (GMV).
At the same time, Marketplace revenue growth was 3% on an as-reported basis and 4% on a foreign exchange (FX)-neutral basis, and GMV was down 4% on an as-reported basis and down 1% on a FX-neutral basis.
Separately, StubHub platforms drove revenue of $230 million, flat on both an as-reported and FX-neutral basis, and GMV of $1.0 billion, down 3% on an as-reported basis and down 2% on a FX-neutral basis. Classifieds platforms delivered revenue of $256 million, up 4% on an as-reported basis and up 12% on a FX-neutral basis.
Excluding Wednesday’s move, eBay had outperformed the broad markets, with its stock up about 42% year to date. In the past 52 weeks, the stock was only up about 6%.
A few analysts weighed in on eBay ahead of the results:
- SunTrust Banks has a Hold rating and a $36 price target.
- Stifel has a Hold rating with a $41 target price.
- Morgan Stanley’s Equal Weight rating comes with a $36 target.
- UBS has a Buy rating with a $42 target price.
- Robert Baird has an Outperform rating and a $44 target.
Shares of eBay traded down about 0.5% at $39.73 on Wednesday, in a 52-week range of $26.01 to $41.10. The consensus price target is $40.04.
Contact [email protected] for any questions or corrections.
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.
