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EBay Targets Gains in Back Half of 2024 Amid ‘Tough' Discretionary Spending Environment
PYMNTS· 2024-05-02 00:58
EBay’s gross merchandise volume (GMV) eked out slight gains in the most recent quarter, but the tally of 131 million active buyers in the quarter was unchanged.And growth may be a longer term story – a year-end story, in fact, amid uneven consumer spending. Investors sent the shares lower in after-hours trading on Wednesday by about 5%.CEO Jamie Iannone said on the conference call with analysts, “We remain on track for GMV growth turn positive by Q3 or Q4 of this year.”Motor parts and accessories was once a ...
eBay(EBAY) - 2024 Q1 - Earnings Call Transcript
2024-05-02 00:31
eBay Inc. (NASDAQ:EBAY) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants John Egbert - VP of IR Jamie Iannone - CEO Steve Priest - CFO Conference Call Participants Nathan Feather - Morgan Stanley Colin Sebastian - Baird Eric Sheridan - Goldman Sachs Tom Champion - Piper Sandler Bryan Smilek - JPMorgan John Blackledge - TD Cowen Richard Kramer - Arete Research Michael Morton - MoffettNathanson Operator Good afternoon, and welcome to eBay's First Quarter 2024 Earnings Conference Ca ...
eBay (EBAY) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-05-01 23:01
eBay (EBAY) reported $2.56 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.8%. EPS of $1.25 for the same period compares to $1.11 a year ago.The reported revenue represents a surprise of +0.99% over the Zacks Consensus Estimate of $2.53 billion. With the consensus EPS estimate being $1.20, the EPS surprise was +4.17%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their nex ...
eBay took a 23% hit to net income in its fiscal Q1
Invezz· 2024-05-01 20:42
eBay Inc (NASDAQ: EBAY) is in the red in extended hours today even though it came in ahead of Street estimates for its fiscal Q1.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.eBay stock down on muted guidanceCopy link to sectionThe stock is taking a hit primarily because the management failed to impress with its guidance. $EBAY now forecasts its revenue to fall between $2.49 billion and $2.54 billion on up to $1.15 of per-share earnings. Analysts, i ...
eBay(EBAY) - 2024 Q1 - Quarterly Results
2024-05-01 20:06
eBay Inc. Reports First Quarter 2024 Results San Jose, California, May 1, 2024 – eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today reported financial results for its first quarter ended March 31, 2024. "eBay's Q1 results marked a strong start to 2024 as we continue to make progress toward our goal of sustainable GMV growth," said Jamie Iannone, Chief Executive Officer at eBay. "We believe our accelerating pace of innovation is fundamental ...
Ahead of eBay (EBAY) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-04-26 14:21
The upcoming report from eBay (EBAY) is expected to reveal quarterly earnings of $1.20 per share, indicating an increase of 8.1% compared to the year-ago period. Analysts forecast revenues of $2.53 billion, representing an increase of 0.8% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's ea ...
Up 17% YTD, What To Expect From EBay Q1 Results?
Forbes· 2024-04-26 09:00
POLAND - 2024/02/23: In this photo illustration, an Ebay logo seen displayed on a smartphone. (Photo ... [+] Illustration by Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImageseBay (NASDAQ: EBAY) is scheduled to report its fiscal Q1 2024 results on Wednesday, May 1. We expect the stock to post mixed results with revenues beating the consensus but earnings missing the mark. The company outperformed the street estimates in the last quarter, with net revenues in ...
eBay Launches 5th Annual Up & Running Grants Program, Awarding $500,000 to Small Businesses
Prnewswire· 2024-04-25 16:00
Now in its 5th year, eBay's Up & Running Grants program demonstrates the company's ongoing commitment to entrepreneurial success on its platform. With the grants, small businesses are able to invest in physical and digital store improvements, new equipment and inventory, hiring, training, marketing and more. A survey of last year's awardees reveals that 90% found the grant extremely or very helpful, and 90% also felt more confident about the future of their businesses. Further, 10% of recipients say they le ...
Best Value Stocks to Buy for April 24th
Zacks Investment Research· 2024-04-24 11:56
Here are two stocks with buy rank and strong value characteristics for investors to consider today, April 24th:Gentherm Incorporated (THRM) : This thermal management and pneumatic comfort technologies company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days.Gentherm has a price-to-earnings ratio (P/E) of 17.75, compared with 20.04 for the S&P 500. The company possesses a Value Score  of B.eBay Inc. (EBAY) : This onlin ...
E-Commerce Stock Earns Overdue Upgrade
Schaeffers Research· 2024-04-18 13:12
E-commerce stock eBay Inc (NASDAQ:EBAY) is 3.9% higher in premarket trading, following a bull note from Morgan Stanley. The analyst upgraded EBAY to "overweight" from "underweight" and nearly doubled its price target to $62 from $35, saying the stock is undervalued compared to peers such as Etsy (ETSY).Morgan Stanley's new price target represents a level eBay stock hasn't seen since the end of 2021. Should today's premarket gains hold, EBAY will snap a five-day losing streak. The security is outperforming t ...