eBay (EBAY) to Release Quarterly Earnings on Wednesday

eBay (NASDAQ:EBAY) will release its 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.Investors that wish to listen to the company’s conference call can do so using this link.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. 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

EBAY opened at $63.10 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock has a market cap of $30.86 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 2.45 and a beta of 1.32. eBay has a 12-month low of $37.17 and a 12-month high of $67.80. The business has a 50 day moving average of $62.71 and a 200-day moving average of $56.47.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the transaction, the chief executive officer now owns 559,291 shares of the company’s stock, valued at $36,963,542.19. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,391 shares of company stock valued at $2,678,424 over the last ninety days. 0.38% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Susquehanna raised their target price on shares of eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. UBS Group boosted their price objective on eBay from $59.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday. TD Cowen increased their target price on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday. Benchmark boosted their price target on eBay from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird increased their price objective on eBay from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus price target of $62.14.

eBay Company Profile

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.