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eBay Stock Dips On Q2 Revenue Miss, Low Top-Line Guidance
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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!
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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.
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eBay Stock Dips On Q2 Revenue Miss, Low Top-Line Guidance
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:
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>>