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eBay Inc : Post Earnings Coverage as eBay's Quarterly Revenue up 4%; Gross Merchandise Volume Grew 2%

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04/25/2017 | 02:19pm CEST

Upcoming AWS Coverage on Alibaba Group Holding

LONDON, UK / ACCESSWIRE / April 25, 2017 / Active Wall St. announces its post-earnings coverage on eBay Inc. (NASDAQ: EBAY). The Company posted its first quarter fiscal 2017 results on April 19, 2017. The ecommerce Company surpassed top- and bottom-line expectations. Register with us now for your free membership at:


One of eBay's competitors within the Specialty Retail, Other space, Alibaba Group Holding Ltd (NYSE: BABA), is estimated to report earnings on May 04, 2017. AWS will be initiating a research report on Alibaba Group following the release of its next earnings results.

Today, AWS is promoting its earnings coverage on EBAY; touching on BABA. Get our free coverage by signing up to:


Earnings Reviewed

eBay delivered gross merchandise volume (GMV) for the quarter ended March 31, 2017 of $20.9 billion, increasing 2% on an as-reported basis and 5% on a foreign exchange (FX) neutral basis. The Company generated revenue of $2.22 billion for the reported quarter, up 4% on an as-reported basis and 7% on an FX-Neutral basis. eBay's revenue numbers exceeded analysts' consensus of $2.21 billion.

eBay's GAAP operating margin decreased to 24.6% for Q1 2017 compared to 28.7% in Q1 2016. The Company's non-GAAP operating margin decreased to 30.0% in the reported quarter compared to 33.4% for the same period last year

For Q1 2017, eBay delivered GAAP net income from continuing operations of $1.0 billion, or $0.94 per diluted share, driven by a non-cash $695 million income tax benefit related to the continued realignment of its legal structure, primarily impacting its foreign Classifieds platforms. The Company's non-GAAP net income from continuing operations was $538 million, or $0.49 per diluted share. eBay's earnings surpassed Wall Street's expectations of $0.48 per share.

Segment Results

During Q1 2017, eBay' Marketplace platforms delivered $20.0 billion of GMV and $1.8 billion of revenue. Marketplace GMV was up 2% on an as-reported basis and 5% on an FX-neutral basis, driven by growth of active buyers, continued expansion of new user experiences and brand advertising, which led to revenue growth of 2% on an as-reported basis and 5% on an FX-neutral basis. The Company's StubHub drove GMV of $916 million, up 6%, and revenue of $210 million, up 18% on an as-reported basis and 19% on an FX-neutral basis, aided by strength in international markets with the integration of the Ticketbis acquisition. eBay's Classifieds delivered revenue of $199 million, up 7% on an as-reported basis and 10% on an FX-neutral basis with strength across its German platforms.

In Q1 2017, eBay added two million active buyers across its platforms, for a total of 169 million global active buyers. Marketplace launched several new consumer experiences built on the foundation of its structured data efforts, coupled with continued investment in brand advertising, including the launch of a billboard and radio campaign across the United States.

eBay also announced a strategic agreement with Flipkart. In exchange for an equity stake, eBay will make a $500 million cash investment and sell its eBay.in business to Flipkart. The companies will also exclusively pursue cross-border trade opportunities together.

Other Selected Financial and Operational Results

eBay generated $582 million of operating cash flow from continuing operations and $447 million of free cash flow from continuing operations during Q1 2017. The Company repurchased approximately $350 million of its common stock, or 10 million shares, in the reported quarter. eBay's total repurchase authorization remaining as of March 31, 2017, was $986 million. The Company's cash and cash equivalents and non-equity investments portfolio totaled $11.2 billion as of March 31, 2017.


For Q1 2017, eBay expects net revenue to be between $2.28 billion and $2.32 billion, representing FX-neutral growth of 5% - 7%, with non-GAAP earnings per diluted share from continuing operations in the range of $0.43 - $0.45 and GAAP earnings per diluted share from continuing operations in the range of $0.20 - $0.40. For FY17, the Company expects net revenue in the range of $9.3 billion and $9.5 billion, representing FX-neutral growth of 6% - 8%, with non-GAAP earnings per diluted share from continuing operations in the range of $1.98 - $2.03 and GAAP earnings per diluted share from continuing operations in the band of $1.85 - $2.10.

Stock Performance

At the closing bell, on Monday, April 24, 2017, eBay's stock slightly fell 0.40%, ending the trading session at $32.05. A total volume of 16.55 million shares were traded at the end of the day, which was higher than the 3-month average volume of 9.30 million shares. In the last three months and previous twelve months, shares of the Company have rallied 5.88% and 31.35%, respectively. Moreover, the stock surged 7.95% since the start of the year. Shares of the company have a PE ratio of 4.57 and currently have a market cap of $36.00 billion.

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AWS has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.


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SOURCE: Active Wall Street

© Accesswire 2017
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Financials ($)
Sales 2017 9 420 M
EBIT 2017 2 751 M
Net income 2017 2 147 M
Debt 2017 1 322 M
Yield 2017 -
P/E ratio 2017 16,03
P/E ratio 2018 17,79
EV / Sales 2017 3,82x
EV / Sales 2018 3,41x
Capitalization 34 689 M
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eBay Inc Technical Analysis Chart | EBAY | US2786421030 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 38
Average target price 35,2 $
Spread / Average Target 9,8%
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Devin N. Wenig President, Chief Executive Officer & Director
Thomas J. Tierney Chairman
Wendy Jones Senior Vice President-Global Operations
Scott Schenkel Chief Financial Officer & Senior Vice President
Stephen Fisher Chief Technology Officer & Senior Vice President
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