Advertisement
U.S. Markets closed
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow 30

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Russell 2000

    2,124.55
    +10.20 (+0.48%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Silver

    25.10
    +0.18 (+0.74%)
     
  • EUR/USD

    1.0797
    +0.0003 (+0.0324%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • Vix

    13.01
    0.00 (0.00%)
     
  • GBP/USD

    1.2625
    +0.0002 (+0.0189%)
     
  • USD/JPY

    151.3030
    -0.0690 (-0.0456%)
     
  • BTC-USD

    69,953.81
    -288.19 (-0.41%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,369.44
    +201.37 (+0.50%)
     

eBay Stock Dips On Q2 Revenue Miss, Low Top-Line Guidance

eBay EBAY just released its second-quarter financial results, posting adjusted earnings of $0.53 per share and revenues of $2.64 billion.

EBay is currently a Zacks Rank #4 (Sell), which is subject to change based on today’s results. Shares of eBay are up just 2.7% over the last year and have sunk over 8% in the last 12 weeks. EBay stock popped 0.37% on Wednesday to hit $37.95 per share prior to the release of its Q2 earnings results.

EBay stock is currently down 2.16% to $37.13 per share in after-hours trading shortly after its earnings report was released.

EBAY:

Beat earnings estimates. The company posted adjusted earnings of $0.53 per share, topping the Zacks Consensus Estimate of $0.51 per share. Investors should note that this consensus projection has trended downward over the duration of the quarter.

Missed revenue estimates. The company saw revenue figures of $2.64 billion, missing our consensus estimate of $2.67 billion.

EBay’s Q1 revenues jumped roughly 9% from the year-ago period. The company’s active buyers popped by 4%, to close the quarter with a total of 175 million global active buyers. Meanwhile, the online seller’s quarterly earnings climbed 17% from $0.45 per share.

Looking ahead to the third quarter, eBay expects to post adjusted earnings in the range of $0.54 to $0.56 per share, which falls in line with our current estimate of $0.56 per share. The company said it expects Q3 revenue between $2.64 billion and $2.69 billion, falling below our $2.73 billion estimate.

For the full-year, eBay now expects to post adjusted earnings between $2.28 and $2.32 per share, with the high side coming in above out current $2.28 estimate. Meanwhile, eBay expects full-year revenue ranging from $10.75 billion to $10.85 billion, which comes in below our $10.97 billion estimate.

Here’s a graph that looks at EBAY’s Price, Consensus and EPS Surprise history:

eBay Inc. Price, Consensus and EPS Surprise

eBay Inc. Price, Consensus and EPS Surprise | eBay Inc. Quote

Check back later for our full analysis on EBAY’s earnings report!

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
eBay Inc. (EBAY) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Advertisement