eBay (EBAY) Scheduled to Post Quarterly Earnings on Wednesday

by · The Cerbat Gem

eBay (NASDAQ:EBAY – Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect eBay to post earnings of $1.18 per share for the quarter. eBay has set its Q3 guidance at $1.15-1.20 EPS and its Q3 2024 guidance at 1.150-1.200 EPS.Parties interested in participating in the company’s conference call can do so using this link.

eBay (NASDAQ:EBAY – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. On average, analysts expect eBay to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $63.10 on Monday. The business has a fifty day moving average of $62.71 and a 200-day moving average of $56.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. eBay has a twelve month low of $37.17 and a twelve month high of $67.80. The firm has a market cap of $30.86 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the transaction, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the sale, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $66.56, for a total value of $374,400.00. Following the transaction, the chief executive officer now directly owns 553,666 shares of the company’s stock, valued at approximately $36,852,008.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,391 shares of company stock worth $2,678,424. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the topic of a number of research reports. The Goldman Sachs Group upped their target price on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th. Citigroup boosted their target price on eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. UBS Group lifted their price objective on eBay from $59.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday. Benchmark upped their target price on shares of eBay from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Bank of America boosted their price target on shares of eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $62.14.

Check Out Our Latest Analysis on eBay

eBay Company Profile

(Get Free Report)

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.

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