39.85 +0.08 (0.20%)
Pre-market: 9:24AM EDT
|Bid||39.57 x 4000|
|Ask||39.95 x 800|
|Day's range||39.02 - 42.00|
|52-week range||26.01 - 42.00|
|Beta (3Y monthly)||1.39|
|PE ratio (TTM)||15.37|
|Earnings date||16 Jul 2019 - 22 Jul 2019|
|Forward dividend & yield||0.56 (1.40%)|
|1y target est||42.35|
eBay (EBAY) stock was up by more than 5% on Thursday after it delivered its second-quarter earnings results on Wednesday.
"We are sponsors of this, in part, because crypto and blockchain in particular have great promise," says eBay chief Devin Wenig.
Boot Barn, The Greenbrier Companies, Netflix, IBM and eBay highlighted as Zacks Bull and Bear of the Day
Shares of eBay (EBAY) rise in after-hours trading following a strong Q2 earnings performance and a hiked full-year profit view. The eBay-heavy ETFs could gain traction from this.
eBay (EBAY) reports impressive second-quarter results on the back of strong GMV growth, advertising revenues and solid cost-cut efforts.
Collectively, the fortunes of the three prominent companies were mixed, and investors are trading their stock accordingly tonight.
(Bloomberg) -- EBay Inc. profit topped analysts’ estimates in the face of slowing sales growth, showing the company can extract more from its millions of loyal buyers and sellers even if it struggles to attract many new customers.The company also bowed to pressure from activist investors, saying it is reviewing the role and value of its StubHub and Classifieds businesses "to determine the best path forward to maximize shareholder value."EBay shares rose almost 6% in extended trading on Wednesday, after closing in New York at $39.03."The idea that management is open to explore a sale of StubHub caught the market’s attention," said RJ Hottovy, an equity analyst at Morningstar Inc. "They still have things to solve with their online marketplace business."EBay Chief Executive Officer Devin Wenig has struggled to jump start growth since he took the helm in 2015 following a split with PayPal Holdings Inc. Activist investors Elliott Management Corp. and Starboard Value acquired EBay stakes, and in January Elliott proposed changes including the possible sale of tickets marketplace StubHub and the classified ads business.EBay shares are up about 40% this year, more than double the benchmark S&P 500 Index. Wenig sees advertising and EBay’s new payments business as sources for revenue growth. Earlier this year, he rejected the idea of selling StubHub or other pieces of the company."They have assets they can sell to generate cash and return to shareholders," said Victor Anthony, an analyst at Aegis Capital Corp. "The reasons to own the stock remain valid despite the pressure on growth."Revenue rose 1.8% to $2.69 billion in the second quarter, in line with analysts estimates. Earnings, excluding some costs, were 68 cents per share in the quarter. Analysts estimated 62 cents, according to data compiled by Bloomberg.EBay raised its full-year profit forecast to a range of $2.70 to $2.75 per share. Wall Street expected $2.70 a share, on average.The company also projected that adjusted profit will be 62 cents a share to 65 cents a share in the current quarter on revenue of $2.61 billion to $2.66 billion. Analysts, on average, estimated profit of 63 cents a share on revenue of $2.68 billion.EBay’s advertising sales soared more than 130% to $89 million in the second quarter. Over 6,000 merchants have opted into its growing payments platform as EBay unravels a long relationship with PayPal.The online marketplace said it has 182 million active global buyers who spend about $100 billion on the platform each year.Gross merchandise volume -- the value of all goods sold on EBay properties -- fell 4.4% to $22.6 billion in the second quarter from a year earlier, the San Jose, California-based company said Tuesday in a statement.(Updated with analyst comments in seventh paragraph.)To contact the reporter on this story: Spencer Soper in Seattle at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
EBAY has displayed a sharp rally so far in 2019, surging 42.5% since January 1st, far outperforming the e-commerce sector. Analysts have been increasing long term earnings estimates, propelling EBAY into a Zacks Rank 1 (Strong Buy).
EBay Inc. was added to the Zacks Rank 1 (Strong Buy) list on Tuesday, with the company set to report its quarterly earnings results Wednesday after the market closes. YTD, EBAY is up 42.5%.
Investing.com - eBay (NASDAQ:EBAY) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
U.S. retail sales handily beat market expectations in June. Some particular industries have shone promises, putting these ETFs and stocks in focus.