eBay (EBAY - Free Report) 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:
Check back later for our full analysis on EBAY’s earnings report!
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eBay (EBAY - Free Report) 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:
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>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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