Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  EBay Inc    EBAY

EBAY INC (EBAY)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 
The feature you requested does not exist. However, we suggest the following feature:

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
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:

http://www.activewallst.com/register/

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:

http://www.activewallst.com/register/

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.

Outlook

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.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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

PRESS RELEASE PROCEDURES:

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.

NO WARRANTY

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.

NOT AN OFFERING

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/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: [email protected]

Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street


© Accesswire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on EBAY INC
02:19p EBAY INC : Post Earnings Coverage as eBay's Quarterly Revenue up 4%; Gross Merch..
04/20 EBAY INC : Investor Focus Shifts to Earnings Season: Today's Research Reports on..
04/20DJDow Falls 118.79 Points, Weighed Down by IBM, Chevron -- WSJ
04/20 EBAY : second-quarter profit forecast falls short of estimates
04/19 EBAY INC. : Reports First Quarter 2017 Results
04/13 Gray market has become a necessary evil for luxury watchmakers
04/13 Gray market has become a necessary evil for luxury watchmakers
04/12 STUBHUB : Introduces New Social Tools To Make Planning, Organizing and Attending..
04/10DJMicrosoft, eBay, Tencent Invest $1.4 Billion in Amazon's India Rival -- Updat..
04/10DJMicrosoft, eBay, Tencent Invest $1.4 Billion in India's Flipkart
More news
Sector news : E-commerce & Auction Services
06:13pDJNasdaq Composite Tops 6000 for First Time
06:10p Seventeen years after 5,000, Nasdaq tops 6,000
05:09pDJNasdaq Composite Tops 6000 for First Time
02:04pDJBAIDU : Netflix Secures Portal Into China Through Deal With Baidu Unit
04/24 Microsoft's Nadella banks on LinkedIn data to challenge Salesforce
More sector news : E-commerce & Auction Services
News from SeekingAlpha
04/24 This Earnings Season Stinks - Or Does It?
04/21 The Bullish News Cycle - Cramer's Mad Money (4/20/17)
04/20 EBAY Q1 : Undervalued With Brightening Prospects
04/20 WALL STREET BREAKFAST : Is Crude In A Mood?
04/20 Looking For Profits In Retail? Ignore The U.S.
Advertisement
Financials ($)
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
More Financials
Chart EBAY INC
Duration : Period :
eBay Inc Technical Analysis Chart | EBAY | US2786421030 | 4-Traders
Full-screen chart
Technical analysis trends EBAY INC
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 38
Average target price 35,2 $
Spread / Average Target 9,8%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
EBAY INC7.95%34 689
ALIBABA GROUP HOLDING ..30.81%284 180
JD.COM INC(ADR)35.89%49 111
RAKUTEN INC2.09%15 218
MERCADOLIBRE INC43.35%9 975
SHOPIFY INC (US)76.88%6 780
More Results