Finance

eBay Inc. (NASDAQ:EBAY) added about 9.6 percent in value since last earnings

eBay Inc. (NASDAQ:EBAY) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 19, 2017. The stock added about 9.6 percent in price since last results when it was at $30.23 a share. Based on the most relevant past-periods data, there is an 64.29 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 18 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 75% of the time in its last 12 earnings reports. It fell short of earnings estimates on 2 occasions, and it has met expectations 1 time.

Here’s how traders responded to EBAY earnings announcements over the past few quarters.

eBay Inc. (EBAY) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 1.08 percent over the past four quarters. Back on January 25, 2017, it posted earnings per-share earnings at $0.44 which missed the consensus $0.47 projection (negative surprise of-6.38%). For the quarter, revenue came in at 2.4B versus consensus estimate of 2.4B. The stock gained 5 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.

On October 19, 2016, it reported earnings at $0.38 a share compared with the consensus estimate of $0.36 per share (positive surprise of 5.56%). Revenue of 2.22B for that quarter was above the $2.19B analysts had expected. The stock retreated -10.76% the day following the earnings announcement, and on 7th day price change was -11.38%.

On July 20, 2016, it recorded $0.36 a share in earnings which missed the consensus estimate of $0.36 (negative surprise of 0%). Revenue for the quarter was $2.23B while analysts called for revenues to be $2.17B. The stock gained 10.89% the day following the earnings data was made public, and on 7th day price change was 16.01%.

On April 26, 2016, it announced earnings per share at $0.41 versus the consensus estimate of $0.39 per share (positive surprise of 5.13%). That came on revenues of $2.14B for that period. Analysts had expected $2.08B in revenue.

eBay Inc. Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.48. The analysts’ present consensus range is $0.46-$0.51 for EPS. The market consensus range for revenue is between $2.19B and $2.26B, with an average of $2.21B.

eBay Inc. (NASDAQ:EBAY) last ended at $32.81, sending the company’s market cap near $35.67B. The consensus 12-month price target from analysts covering the stock is $34.39. The share price has declined -4.71% from its top level in 52 weeks and dropped 10.51% this year. It recently traded in a range of $32.74-$33.22 at a volume of 10865788 shares. The recent trading ended with the price nearly -2.47 lower for the last 5 trading days, rebounding 47.13% from its 52-week low.

 

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