Online marketplace eBay (NASDAQ: EBAY) will be announcing earnings results this Wednesday after market close. Here’s what you need to know.
eBay beat analysts’ revenue expectations last quarter, reporting revenues of $2.97 billion, up 15% year on year. It was an exceptional quarter for the company, with revenue and EPS guidance for next quarter beating analysts’ expectations. It reported 135 million active buyers, flat year on year.
Is eBay a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting eBay’s revenue to grow 17.5% year on year, improving from the 1.1% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. eBay rarely misses Wall Street’s revenue estimates.
Looking at eBay’s peers in the consumer internet segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Coursera delivered year-on-year revenue growth of 9.1%, meeting analysts’ expectations, and Netflix reported revenues up 16.2%, topping estimates by 0.5%. Coursera traded down 11.6% following the results while Netflix was also down 9.7%.
Read our full analysis of Coursera’s results here and Netflix’s results here.
There has been positive sentiment among investors in the consumer internet segment, with share prices up 17.9% on average over the last month. eBay is up 14.5% during the same time and is heading into earnings with an average analyst price target of $100.40 (compared to the current share price of $100.80).
ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable.
These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.
