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eBay Slips After Powell’s Comments
If you just went to Google and saw eBay shares were falling, there’s no need for alarm.
At around 3 p.m., Jerome Powell said there has been no decision made on cutting rates at the September meeting. Immediately after the comment, Treasury yields jumped 6 basis points and stocks fell.
Point being: This is a broader market sell-off and nothing related to eBay’s upcoming report after the bell.
Stifel Upgrades eBay Ahead of Earnings
Stifel analyst Mark Kelley raised the firm’s price target on eBay to $68. That’s up from a prior price target of $62. The firm maintains a ‘Hold’ raiting on the company.
Kelley believes that Q2 consensus is too conservative and that eBay should exceed expectations.
What Wall Street Expects This Quarter
Here are the key figures to watch when eBay reports earnings today:
- Revenue Consensus: $2.64 billion
- Adjusted EPS Consensus: $1.30
- Net Income (GAAP): $439 million
For the full year, Wall Street currently expects eBay to deliver:
- Revenue: $10.65 billion
- Adjusted EPS: $5.35
- Free Cash Flow: $1.99 billion
eBay is expected to steadily grow in the coming years with 2026 EPS estimates of $5.79 and 2027 estimates of $6.24.
eBay (Nasdaq: EBAY) has quietly become an under-the-radar AI winner. The company’s shares are up 26% year-to-date and 42% across the past year. We’ll see if the company can keep up the momentum when it reports second quarter earnings after the bell today.Â
This live earnings blog will automatically update. All you have to do is simply leave a browser tab open on this page and new updates will push. We expect a flurry of updates with news and analysis after eBay’s earnings go live a little after 4 p.m. ET today!Â
Let’s take a look back at what eBay reported last quarter.Â
What eBay Reported in the First QuarterÂ
- Adjusted EPS: $1.38 (Beat)
- Revenue: $2.6 billion (Slight Beat)Â
On April 30th eBay reported its first quarter 2025 financial results, showing a revenue of $2.6 billion, marking a 1% increase year-over-year. The company achieved a non-GAAP earnings per share of $1.38, surpassing Wall Street’s estimated EPS figures.
Gross Merchandise Volume (GMV) also grew by 1% to $18.8 billion. eBay’s non-GAAP operating margin was 29.8%, slightly down from the previous year.
The company returned $759 million to shareholders through share repurchases and dividends. CEO Jamie Iannone highlighted the positive impact of focus categories and geo-specific investments. eBay also expanded its Authenticity Guarantee service and closed the acquisition of Caramel to enhance its automotive transaction capabilities. The company declared a second-quarter dividend of $0.29 per share.
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The post Live: Will eBay Rally After Q2 Earnings After the Bell? appeared first on 24/7 Wall St..
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Author: Eric Bleeker
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