eBay (EBAY) to Release Earnings on Wednesday
eBay (NASDAQ:EBAY) is scheduled to be posting its Q313 quarterly earnings results on Wednesday, October 16th. Analysts expect eBay to post earnings of $0.63 per share and revenue of $3.90 billion for the quarter. eBay has set its Q3 guidance at $0.61-0.63 EPS and its FY13 guidance at $2.70-2.75 EPS.
eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 17th. The company reported $0.63 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.63. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. On average, analysts expect eBay to post $2.71 EPS for the current fiscal year and $3.19 EPS for the next fiscal year.
eBay (NASDAQ:EBAY) opened at 54.77 on Tuesday. eBay has a 52 week low of $45.66 and a 52 week high of $58.04. The stock has a 50-day moving average of $53.65 and a 200-day moving average of $53.65. The company has a market cap of $70.902 billion and a P/E ratio of 26.78.
EBAY has been the subject of a number of recent research reports. Analysts at Compass Point raised their price target on shares of eBay from $63.00 to $65.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. On the ratings front, analysts at TheStreet reiterated a “buy” rating on shares of eBay in a research note to investors on Monday, October 7th. Finally, analysts at Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of eBay in a research note to investors on Thursday, September 26th. They now have a $800.00 price target on the stock, up previously from $63.00. Nine equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $83.57.
eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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