eBay Inc. (NASDAQ:EBAY) operator of e-commerce platforms, is reporting third quarter earnings results on Wednesday 28th October 2020, .
The consensus estimates from Thomson Reuters are income of $ 0.86 per share.
For the full year, analysts predict revenues of $ 10711.00 million, while looking forward to income of $ 3.58 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.81 ~ $ 0.87 per share, while revenues are expected in a range of $ 2,640.00 million ~ $ 2,710.00 million
Full Year 2020 topline are forecasted in a range of$ 10,560.00 million ~ $ 10,750.00 million, where as bottomline are predicted in a range of $ 3.47 ~ $ 3.59 per share
Click Here For More Historical Outlooks Of eBay Inc.
Previous Quarter Performance
eBay Inc. communicated income for the second quarter of $ 1.08 per share, from the revenue of $ 2,865.00 million. The quarterly earnings escalated 58.82 percent while revenues expanded 6.62 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.06 per share from $ 2795.21 million in revenue. The bottom line results beat street analysts by $ 0.02 or 1.89 percent, at the same time, top line results outshined analysts by $ 69.79 million or 2.50 percent.
Stock Performance
Shares of eBay Inc. traded up $ 0.21 or 0.39 percent on Tuesday, reaching $ 53.55 with volume of 4.61 million shares. eBay Inc. has traded high as $ 53.84 and has cracked $ 53.00 on the downward trend
According to the previous trading day, closing price of $ 53.55, representing a 105.00 % increase from the 52 week low of $ 26.02 and a 12.64 % decrease over the 52 week high of $ 61.06.
The company has a market capital of $ 37.48 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 62.00 target price.
- On 7th October 2020, maintained by Benchmark at Buy rating, with $ 70.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.16 per share on July 28, 2020. The dividend were payable on September 18, 2020 to holders of record as of the close of business on September 1, 2020 and ex-dividend date on August 31, 2020.
Conference Call
eBay Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 3Q20 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.
