eBay Inc. (NASDAQ: EBAY) 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.
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