eBay Inc. (NASDAQ:EBAY) is reporting second quarter financial results on Tuesday 28th July 2020, after market close.
According to analysts surveyed by Thomson Reuters, EBAY is expected to report 2Q20 income of $ 1.06 per share from revenue of $ 2795.21 million.
For the full year, analysts anticipate top line of $ 10433.20 million, while looking forward to income of $ 3.51 per share bottom line.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 2,750.00 million ~ $ 2,800.00 million
Full Year 2020 topline are forecasted in a range of$ 9,560.00 million ~ $ 9,760.00 million, where as bottomline are predicted in a range of $ 3.00 ~ $ 3.10 per share
Click Here For More Historical Outlooks Of eBay Inc.
Previous Quarter Performance
eBay Inc. posted income for the first quarter of $ 0.77 per share, from the revenue of $ 2,374.00 million. The quarterly earnings surged 14.93 percent compared with the same quarter last year. The consensus estimates are income of $ 0.72 per share from $ 2383.97 million in revenue. The bottom line results beat street analysts by $ 0.05 or 6.94 percent, at the same time, top line results fell short of analysts by $ 9.97 million or 0.42 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of eBay Inc.
Stock Performance
According to the previous trading day, closing price of EBAY was $ 57.23, representing a 119.95 % increase from the 52 week low of $ 26.02 and a 6.27 % decrease over the 52 week high of $ 61.06.
The company has a market capital of $ 40.21 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
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Recent Analyst recommendations
- On 26th June 2020, upgraded by Deutsche Bank to Buy from Hold rating.
- On 10th June 2020, upgraded by Jefferies Financial Group to Hold from Underperform rating, with $ 52.00 target price.
- On 9th June 2020, upgraded by Wells Fargo & Co to Equal-Weight from Underweight rating.
- On 8th June 2020, maintained by RBC Capital at Sector Perform rating, with $ 45.00 target price.
Recent Stock Dividend Announcement
On April 29, 2020, the board of directors authorized quarterly dividend of $ 0.16 per share to holders of record as of the close of business on June 1, 2020, with payment date of June 19, 2020 and ex-dividend date on May 29, 2020.
Conference Call
eBay Inc. will be hosting a conference call at 5:00 PM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ebayinc.com
eBay Inc. operates commerce platforms connecting various buyers and sellers worldwide. The companys Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
