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eBay Long

by SignalFactory   ·  August 11, 2021 | 13:29:05 UTC  

eBay Long

by SignalFactory   ·  August 11, 2021 | 13:29:05 UTC  

eBay, the giant e-commerce company valued at more than $44 billion, will publish its quarterly results on Wednesday after the markets close.

Data compiled by SeekingAlpha shows that the company’s revenue retreated from $3 billion in Q1 to more than $2.86 billion. The earnings per share are expected to drop from $1.09 in Q1 to $0.95.

Still, there is a high probability that the company will publish stronger numbers than expected. For one, eBay has a long track record of beating consensus estimates. It has performed better than estimates in all quarters sinceQ4 of 2018.

Still, analysts will be focused on the company’s growth and forward guidance. In Q1, the firm’s Gross Merchandise Value (GMV) rose by 24% while revenue rose by 38%. This growth was mostly driven by its payments and advertising business.

Most importantly, the company managed to add many sellers and buyers. Active sellers rose to more than 20 million while buyers rose to 187 million. This is notable since eBay makes money from both sellers and buyers. Promoted listings brought in more than $224 million as more than 1.3 million sellers used the features.

So, is the eBay stock a buy or sell? Analysts are generally bullish on eBay. Data compiled by Yahoo Finance shows that most analysts have a hold rating on the company. They are followed by those with a buy rating. Analysts at Wedbush and Susquehanna believe that the stock could rise to $80 while those at Cowen expect it to rise to $72.

eBay stock price forecast:
The e-commerce leader for physical and digital merchandise eBay is expected to report its second-quarter earnings of $0.97 per share, which represents a year-over-year decline of over 10% from $1.08 per share seen in the same quarter a year ago.

The San Jose, California-based e-commerce giant would post revenue growth of about 4% to $2.97 billion. The company has beaten earnings per share (EPS) estimates at all times in the last four quarters.

According to ZACKS Research, for the second quarter of 2021, eBay expects net revenues of $2.98-$3.03 billion. On an FX-neutral basis, year-over-year growth in revenues is anticipated to be 8-10%. Non-GAAP earnings are anticipated to be 91-96 cents per share.

eBay’s growth initiatives, which are based on enhancing the seller experience by offering innovative seller tools and delivering a better buyer experience by utilizing structured data, are anticipated to have contributed well to its second-quarter performance.

The growing efforts toward the implementation of Artificial Intelligence through personalization, image search technology, and customer support are expected to have enhanced the Marketplace platform.

The growing adoption of the company’s managed payments is expected to have continued benefiting it in the quarter to be reported. eBay’s deepening focus on scaling managed payments globally is likely to have been another tailwind.

Apart from this, in the second quarter, eBay introduced an online regulatory portal, by which the participating authorities from all across the world can remove listings that are illegal and unsafe for customers shopping online. This is expected to have driven momentum across customers and online shopping in the soon-to-be-reported quarter.

eBay Long (Buy)
Enter at: 68.52
T.P_1: 72.27
T.P_2: 75.20
T.P_3: 79.27
T.P_4: 81
S.L: 65.00

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