eBay (EBAY) to Release Quarterly Earnings on Wednesday

eBay (NASDAQ:EBAY) is set to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce 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.Individual that wish to register for the company’s earnings conference call can do so using this link.

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

EBAY opened at $62.99 on Tuesday. The stock’s 50-day moving average price is $62.84 and its 200 day moving average price is $56.55. eBay has a 12-month low of $37.17 and a 12-month high of $67.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The firm has a market cap of $31.62 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 2.45 and a beta of 1.32.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 1,167 shares of the firm’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 transaction of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Stephen J. Priest sold 1,167 shares of the firm’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 transaction of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the 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 sale, the chief executive officer now directly owns 553,666 shares of the company’s stock, valued at $36,852,008.96. The trade was 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 worth $2,678,424 in the last quarter. 0.38% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup increased their target price on eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $64.00 price target (up previously from $58.00) on shares of eBay in a research report on Thursday, August 1st. The Goldman Sachs Group increased their price target on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. UBS Group increased their price target on eBay from $59.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on eBay from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.23.

About eBay

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.