Online marketplace eBay (NASDAQ:EBAY) will be announcing earnings results tomorrow after the bell. Here’s what you need to know. eBay met analysts’ revenue expectations last quarter, reporting revenues of $2.58 billion, flat year on year. It was a mixed quarter for the company, with EPS guidance for next quarter slightly topping analysts’ expectations. It reported 134 million active buyers, up 1.5% year on year. Is eBay a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting eBay’s revenue to be flat year on year at $2.55 billion, slowing from the 1.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.34 per share.eBay Total Revenue Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. eBay has missed Wall Street’s revenue estimates four times over the last two years. Looking at eBay’s peers in the consumer internet segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Alphabet delivered year-on-year revenue growth of 12%, beating analysts’ expectations by 1.2%, and Coursera reported revenues up 6.1%, topping estimates by 2.3%. Alphabet traded up 1.8% following the results while Coursera was also up 14.1%. Read our full analysis of Alphabet’s results here and Coursera’s results here. There has been positive sentiment among investors in the consumer internet segment, with share prices up 2.5% on average over the last month. eBay is down 1.3% during the same time and is heading into earnings with an average analyst price target of $64.32 (compared to the current share price of $66.86). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. View Comments
eBay Earnings: What To Look For From EBAY
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