Online marketplace eBay (NASDAQ: EBAY) will be reporting earnings this Wednesday after market close. Here’s what to expect.
eBay beat analysts’ revenue expectations last quarter, reporting revenues of $3.09 billion, up 19.5% year on year. It was a mixed quarter for the company, with revenue guidance for next quarter slightly topping analysts’ expectations but EPS guidance for next quarter slightly missing analysts’ expectations. It reported 136 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 for active Edge members.
This quarter, the market is expecting eBay’s revenue to grow 10.7% year on year, improving from the 6.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. eBay rarely misses Wall Street’s revenue estimates.
Looking at eBay’s peers in the consumer internet segment, some have already reported their Q2 results, giving us a hint as to what we can expect. EverQuote delivered year-on-year revenue growth of 24.6%, beating analysts’ expectations by 2.6%, and Teladoc reported a revenue decline of 4%, falling short of estimates by 1.3%. Teladoc traded down 28.1% following the results.
Read our full analysis of EverQuote’s results here and Teladoc’s results here.
Investors in the consumer internet segment have had fairly steady hands going into earnings, with share prices down 1.2% on average over the last month. eBay is down 5.4% during the same time and is heading into earnings with an average analyst price target of $110.83 (compared to the current share price of $107.56).
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