|Bid||38.47 x 1200|
|Ask||38.48 x 800|
|Day's Range||37.56 - 38.56|
|52 Week Range||26.01 - 41.28|
|Beta (3Y Monthly)||1.44|
|PE Ratio (TTM)||15.05|
|Earnings Date||Jul 16, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||0.56 (1.51%)|
|1y Target Est||37.48|
As eBay continues to work through a restructuring strategy, the e-commerce marketplace and online auction pioneer reported earnings for the first quarter of the year that should keep some of the more activist shareholders a little at bay. The company reported revenues of $2.6 billion and non-GAAP net income of $608 million, or diluted earnings per share of $0.67 ($0.57 EPS on a GAAP basis). "We delivered a solid first quarter with revenue and EPS," said Devin Wenig, president and CEO of eBay Inc., in a statement.
While analysts expressed some caution about the company’s gross merchandise volume (GMV) and Marketplaces business, the takeaway was broadly positive, with at least four firms raising their price targets. Affirms neutral rating, price target raised to $39 from $36. Affirms buy rating and lifts price target to $42 from $39.
Our call of the day says investors should take care as the stock market sets out new highs, because a big group of investors is sitting on the sidelines, waiting to cash in on a fall.
Stocks were taking it easy after Tuesday’s record run, with Dow Jones Industrial Average and Nasdaq Composite futures up 0.1%.
In this article we are going to estimate the intrinsic value of eBay Inc. (NASDAQ:EBAY) by taking the expected future cash flows and discounting them to today's value. This is done using the Discounted Cash Flow (DCF) model...
Stock futures were steady amid a wave of earnings from Snap, Texas Instruments, eBay, iRobot and more. Texas Instruments signaled that a chip downturn may last longer than expected.
eBay (EBAY) reports impressive first-quarter results on the back of strong GMV growth, advertising revenues and solid cost-cut efforts.
U.S. stock futures were mixed on Wednesday, following record highs on Wall Street, as investors paused ahead of another wave of corporate earnings reports. Contracts tied to the Dow Jones Industrial Average rose 17 points, futures for the S&P 500 were down 0.85 points, and Nasdaq futures rose fell 2 points. The S&P 500 and the Nasdaq closed at record highs on Tuesday as solid earnings reports from a number of blue-chip companies buoyed investors on Wall Street.
Shares of EBay Inc. rose more than 5% in the extended session Tuesday after the company reported a first-quarter adjusted profit above Wall Street expectations and raised earnings and sales guidance for the year. EBay said it earned $521 million, or 57 cents a share, in the quarter, compared with $407 million, or 40 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned $608 million, or 67 cents a share, compared with $548 million, or 53 cents a share, a year ago. Revenue rose 2% to $2.64 billion, compared with $2.58 billion a year ago, the company said. Analysts polled by FactSet had expected EBay to report adjusted earnings of 63 cents a share on sales of $2.6 billion. EBay saw "healthy buyer growth and disciplined cost control," Chief Executive Devin Wenig said in a statement. The company gained "increased confidence in the year" and adjusted its guidance, Wenig said. EBay expects net revenue between $10.83 billion and $10.93 billion, which would represent growth between 2% and 3%, and non-GAAP earnings between $2.64 a share and $2.70 a share. Shares of EBay ended the regular trading day up 1.4%.
rose 4.2% to $38.21 in premarket trading Wednesday after the online marketplace beat first-quarter earnings and revenue expectations. Ebay also raised its full-year guidance partly on confidence from its first-quarter results, the company said in a press release. "We delivered a solid first quarter with revenue and EPS," said Devin Wenig, eBay's president and CEO.
U.S. activist investor Elliott revealed a 1.2 billion euro ($1.3 billion) stake in SAP and said it supported a new management efficiency drive, sending shares in the German business software maker to an all-time high. The pivot by CEO Bill McDermott came as SAP reported a quarterly operating loss due to a staff restructuring charge, and started to integrate its latest ambitious acquisition, that of customer-experience software maker Qualtrics.
The company, facing intense competition from Amazon.com Inc and Walmart Inc, has focussed on its promoted listings programme and payments business, as well as worked to make its platform simpler to use through the introduction of grouped listings and personal recommendations. More than 800,000 active sellers took advantage of the promoted listings in the first quarter, helping more than double advertising revenue to over $65 million, the company said. Chief Executive Officer Devin Wenig on a post-earnings call reiterated that the company was reducing third-party ads that are not accretive and remained on track toward a $1 billion advertising revenue opportunity.
Check out the companies making headlines after the bell:Shares of Snap SNAP soared as much as 10%, before paring gains to trade just 1% up, in extended trading Tuesday following the release of the company's strong first-quarter earnings .
As EBay struggles to compete with Amazon.com Inc., Elliott Management Corp. and Starboard Value acquired stakes in the company and agitated for change. Elliott proposed a five-point plan to improve EBay’s performance, including the possible sale of tickets marketplace StubHub and its Classified Group. EBay shares have gained 30 percent this year since the investors jumped in.
The ecommerce giant topped estimates on quarterly revenue and earnings per share, reporting $2.6 billion in revenue and adjusted earnings of $0.67 per share, compared to the $2.58 billion and $0.63 anticipated by analysts for the quarter.
On a per-share basis, the San Jose, California-based company said it had profit of 57 cents. Earnings, adjusted for one-time gains and costs, were 67 cents per share. The results exceeded Wall Street expectations. ...
eBay is out with earnings after hours. The online marketplace posted first quarter adjusted earnings per share of 67 cents, versus the 63 cent estimated, with sales of $2.643 billion against a $2.58-billion estimate. Yahoo Finance's Jen Rogers, Myles Udland, Ines Ferre and Seana Smith report.
Bill Smead of Smead Capital Management explains why he says he's "very leery" of the "crazy stage" of the e-commerce market.