Long trade : EBAY +30% (4/20)

• Apr. 2: vol. 12.0M  +30%

  

 

=eBay (EBAY) reported earnings on Wed 17 July 19 (a/h)

eBay beats by $0.06, reports revs in-line; guides Q3 EPS in-line, revs below consensus; raises FY19 EPS guidance for the second quarter in a row, lowers revs guidance

Reports Q2 (Jun) earnings of $0.68 per share, $0.06 better thanthe S&P Capital IQ Consensus of $0.62; revenues rose 1.8% year/year to $2.69 bln vs the $2.67 bln S&P Capital IQ Consensus.

Co issues guidancefor Q3, sees EPS of $0.62-0.65 vs. $0.63 S&P Capital IQ Consensus; sees Q3 revs of $2.61-2.66 bln vs. $2.68 bln S&P Capital IQ Consensus.

Co raises guidance for FY19, sees EPS of $2.70-2.75, excluding non-recurring items, vs. $2.70 S&P Capital IQ Consensus, from $2.64-2.70; lowersFY19 revs to $10.75-10.83 bln vs. $10.92 bln S&P Capital IQ Consensus, from $10.83-10.93 bln.

Portfolio Update:

• The company is actively reviewing the role and value of StubHub and Classifieds in its portfolio to determine the best path forward to maximize shareholder value.

=eBay (EBAY) reported earnings on Wed 18 July 18 (a/h)

eBay beats by $0.02, reports revs in-line; guides Q3 EPS in-line, revs below consensus; guides FY18 EPS above consensus, revs below consensus 

• Reports Q2 (Jun) earnings of $0.53 per share, $0.02 better thanthe Capital IQ Consensus of $0.51; revenues rose 9.1% year/year to $2.64 bln vs the $2.66 bln Capital IQ Consensus.
• In Q2, eBay grew active buyers by 4% across its platforms, for a total of 175 million global active buyers.
• GMV was up 11% on an as-reported basis and 7% on an FX-Neutral basis.
• Non-GAAP operating margin decreased to 25.2% in 2Q18, compared to 26.4% for the same period last year.
• The company generated $372 million of operating cash flow from continuing operations and $188 million of free cash flow from continuing operations during 2Q18.
• Co issues guidance for Q3, sees EPS of $0.54-$0.56 vs. $0.56 Capital IQ Consensus Estimate; sees Q3 revs of $2.64-$2.69 bln vs. $2.73 bln Capital IQ Consensus Estimate.
• Co issues mixed guidance for FY18, sees EPS of $2.28-$2.32 vs. $2.27 Capital IQ Consensus Estimate; sees FY18 revs of $10.75-$10.85 bln vs. $10.95 bln Capital IQ Consensus Estimate.

Earnings this week : July 16 - 20, 18 (wk 29)

Earnings expected this week

Monday (July 16)

• Morning: BAC, BLK, JBHT
• Afternoon: NFLX

Tuesday (July 17)

• Morning: UNH, JNJ, GS, PGR, OMC, SCHW, CMA, PLD, FHN, NSM, NEOG
• Afternoon: UAL, CSX, FNF, IBKR, WTFC, HWC, MLNX, PNFP, FULT, MRTN, HOPE, RNST, ADTN, LTXB

Wednesday (July 18)

• Morning: ERIC, NVS, MS, ABT, USB, TXT, GWW, ASML, NTRS, MTB, OACW, MTG, WAFD
• Afternoon: IBM, AXP, AA, KMI, CCK, EBAY, URI, CP, CCI, UFPI, PLXS, PTC, UMPQ, LHO, TCBI, SLG, BXS, RECN, CATY, NDLS, BMI, CNS, CVBF, EGBN, TBK, DWCH

Thursday (July 19)

• Morning: ABB, ADS, BBT, BX, BK, GTLS, DHR, DPZ, DOV, EWBC, FITB, GATX, GPC, HOMB, IIIN, KEY, NUE, PM, POOL, PPG, RCI, RPM, SASR, SAP, SCHL, SBNY, SNA, SON, TSM, TTS, TRV, UNP, WBC, WBS, WNS
• Afternoon: MSFT, COF, CE, CTAS, SKX, SWKS, ISRG, ETFC, SEIC, PBCT, ASB, NWE, WAL, MBFI, FFBC, BDN, FFIN, EXPO, EGP, LLNW

Friday (July 20)

• Morning: GE, HON, SLB, MAN, BHGE, SWK, STT, STI, CFG, RF, KSU, CLF, GNTX, IBKC, SXT, VFC

=eBay (EBAY) reported earnings on Wed 31 January 2018 (a/h)

Ebay said it will “intermediate” its payments system, suggesting it will rely less on PayPal (PYPL), the payments pioneer it once owned and later spun out.

• CEO Devin Wenig described how the company will be developing more of a role in payments, while being careful to endorse the company's ongoing work with PayPal: Finally, let me touch on our strategy and approach for payments on eBay. We've been looking closely at the customer payments experience and the economics under our existing PayPal relationship. After careful consideration, we believe that we can offer a more seamless experience while giving buyers and sellers more choice for payment and payout options.

eBay reports EPS and revs in-line; guides Q1 EPS in-line, revs above consensus with upside FY18 guidance 

• Reports Q4 (Dec) earnings of $0.59 per share, excluding n items, in-linewith the Capital IQ Consensus of $0.59; revenues rose 9.1% year/year to $2.61 bln vs the $2.61 bln Capital IQ Consensus.
• In the fourth quarter, eBay grew active buyers by 5% across its platforms, for a total of 170 million global active buyers. Underlying total eBay Inc. performance, the Marketplace platforms delivered $23.0 billion of GMV and $2.1 billion of revenue. Marketplace GMV was up 9% on an as-reported basis and 6% on an FX-Neutral basis, driven by strong holiday performance in the US and continued expansion of new user experiences. StubHub drove GMV of $1.4 billion, up 16% on an as-reported basis and 15% on an FX-Neutral basis, and revenue of $307 million, up 10% on both an as-reported basis and FX-Neutral basis driven by a strong concerts and sports landscape. Classifieds platforms delivered another quarter of double-digit growth with revenue of $244 million, up 21% on an as-reported basis and 13% on an FX-Neutral basis, driven primarily by strength in Germany. 
• Co sees Q1 EPS of $0.52-0.54, excluding items, vs. $0.52 Capital IQ Consensus Estimate; sees Q1 revs of $2.57 -2.61 billion vs. $2.4 bln Capital IQ Consensus Estimate.
• Co issues upside guidance for FY18, sees EPS of $2.25 - $2.30, excluding items, vs. $2.23 Capital IQ Consensus Estimate; sees FY18 revs of $10.9 -11.1 billion vs. $10.28 bln Capital IQ Consensus Estimate.
• In January 2018, eBay's board of directors authorized an additional $6.0 billion stock repurchase program, with no expiration from the date of authorization. The company's stock repurchase program is intended to programmatically offset the impact of dilution from its equity compensation programs and, subject to market conditions and other factors, to make opportunistic and programmatic repurchases of its common stock to reduce its outstanding share count. Any share repurchases under the company's stock repurchase programs may be made through open market transactions, block trades, privately negotiated transactions (including accelerated share repurchase transactions) or other means at times and in such amounts as management deems appropriate and will be funded from the company's working capital or other financing alternatives.

=eBay (EBAY) reported earnings on Wed 18 Jul 2017 (a/h)

• 10/18:  #1, 3-5, 9, 15, 16, 26, 27, 33, 41, 52, 53, 55, 60, 63, 65, 72

eBay reports EPS in-line, beats on revs; guides Q4 EPS below consensus, revs in-line

• Reports Q3 (Sep) earnings of $0.48 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.48; revenues rose 8.7% year/year to $2.41 bln vs the $2.37 bln Capital IQ Consensus.
  • Delivered gross merchandise volume (GMV) for the quarter ended September 30, 2017 of $21.7 billion, increasing 8% on an as-reported basis and 7% on a foreign exchange (FX) neutral basis.
• Co issues guidance for Q4, sees EPS of $0.57-0.59, excluding non-recurring items, vs. $0.60 Capital IQ Consensus Estimate; sees Q4 revs of $2.58-2.62 bln vs. $2.58 bln Capital IQ Consensus Estimate.

=Long trade : EBAY +8% (9/17)

• 8/29 :  #3-5, 12, 22, 26, 52, 58, 72, 76, 83, 97

=eBay (EBAY) reported earnings on Thur 20 Jul 2017 (a/h)

eBay reports EPS in-line, revs in-line; guides Q3 EPS in-line, revs above consensus; reaffirms FY17 guidance; adds $3 bln to buyback:

• Reports Q2 (Jun) earnings of $0.45 per share, excluding non-recurring items, in-linewith the Capital IQ Consensus of $0.45; revenues rose 4.4% year/year to $2.33 bln vs the $2.31 bln Capital IQ Consensus.
• GMV $21.5 billion, increasing 3% on an as-reported basis and 5% on a foreign exchange (:FX) neutral basis.
• Underlying total eBay Inc. performance, the Marketplace platforms delivered $20.5 billion of GMV and $1.9 billion of revenue. Marketplace GMV was up 3% on an as-reported basis and 6% on an FX-Neutral basis, driven by the continued expansion of new user experiences and marketing efforts, which led to revenue growth of 4% on an as-reported basis and 7% on an FX-Neutral basis.
• StubHub drove GMV of $1.0 billion, down 5%, and revenue of $236 million, up 5%, driven by a softer U.S. events landscape compared to last year, partially offset by strong international growth. Classifieds accelerated growth in the quarter, delivering revenue of $219 million, up 6% on an as-reported basis and 11% on an FX-Neutral basis, primarily driven by healthy traffic growth and strong user engagement.
• eBay added two million active buyers across its platforms, for a total of 171 million global active buyers.
• Co issues guidance for Q3, sees EPS of $0.46-0.48, excluding non-recurring items, vs. $0.48 Capital IQ Consensus Estimate; sees Q3 revs of $2.35-2.39 bln vs. $2.32 bln Capital IQ Consensus Estimate.
• Co reaffirms guidance for FY17, sees EPS of $1.98-2.03, excluding non-recurring items, vs. $2.01 Capital IQ Consensus Estimate; sees FY17 revs of $9.3-9.5 bln vs. $9.42 bln Capital IQ Consensus Estimate.
• Repurchased $507 million of common stock in Q2 -- Board approves additional $3.0 billion stock repurchase authorization

=eBay Inc (EBAY) reported earnings on Wed 25 Jan 2017 (a/h)

(Reuters) - EBay Inc (EBAY) reported a 3.1 percent rise in quarterly revenue for the fourth-quarter holiday period, offering signs of improvement at the company's traditional marketplace business and sending shares up more than 8 percent in extended trading on Wednesday.

EBay, once synonymous with online auctions, has been revamping its platform to help it compete better with bigger e-commerce rival Amazon.com Inc (AMZN) as well as traditional retailers. Fixed-price goods now make up a much larger portion of its listings than previously.

"It is a turnaround process for the company, and there are some decent metrics in there," for the marketplace division, said BGC Partners analyst Colin Gillis. Earnings and revenue for the quarter both were in line with Wall Street expectations.

The company forecast first-quarter adjusted profit of 46 cents to 48 cents per share, below analysts' average estimate of 50 cents.

A full-year forecast of adjusted profit of $1.98 to $2.03 per share missed estimates of $2.06 per share. But the top end of its forecast of $9.3 billion to $9.5 billion in revenue was ahead of the analyst consensus of $9.36 billion.

EBay also said it had repurchased $1 billion in shares over the quarter.

"EBay doubled their quarterly rate of share buybacks in Q4, and 2017 revenue guidance implies a re-acceleration of marketplace growth, which indicates the company is confident their structured data initiative can help stem the rate of market share losses," said Wedbush Securities analyst Aaron Turner.

EBay, which spun off its main growth engine PayPal Holdings Inc (PYPL) in 2015, has revamped its platform to offer a bigger selection of products and brands.

The company now also requires sellers to give more details on items to attract younger shoppers and has been cutting listing costs.

Although turning around, the marketplace is "still a laggard," added Gillis, noting that 4 percent revenue growth for eBay's marketplace, accounting for foreign exchange rate changes, paled in comparison to e-commerce growth at an estimated 15 percent.

The company said its gross merchandise volume, or the total value of all goods sold on its sites, rose 2.2 percent to $22.34 billion in the quarter.

The company's net income rose to $5.94 billion, or $5.30 per share, in the fourth quarter ended Dec. 31, from $477 million, or 39 cents per share, a year earlier.

The boost in net income was driven by a non-cash $4.6 billion income tax benefit related to a change in legal structure, mostly impacting its international entities.

===eBay (EBAY) reported earnings on Wed 19 Oct 2016 (a/h)

eBay beats by $0.01, beats on revs; guides Q4 EPS and revenue in-line with the midpoint below consensus :

• Reports Q3 (Sep) earnings of $0.45 per share, $0.01 better than the Capital IQ Consensus of $0.44; revenues rose 5.6% year/year to $2.22 bln vs the $2.19 bln Capital IQ Consensus.  
• Gross merchandise volume (:GMV) of $20.1 billion, increased 3% or 5% ex-FX.
• In the third quarter, eBay added over one million active buyers across its platforms, to a total of 165 million global active buyers. Underlying total eBay Inc. performance, the Marketplace platforms delivered $19.0 billion of GMV and $1.8 billion of revenue. Marketplace revenue was up 5% on an FX-Neutral basis and 2% on an as-reported basis, driven by GMV growth of 4% on an FX-Neutral basis and 2% on an as-reported basis as well as growth in Marketing Services & Other revenue. StubHub had another strong quarter with GMV of $1.1 billion, up 23%, and revenue of $263 million, up 32%, aided by strength across concerts, theater and baseball as well as the continued benefit from ongoing product innovation. The Classifieds platforms delivered another quarter of good performance with revenue of $197 million, up 14% on an FX-Neutral basis and 11% on an as-reported basis, primarily driven by the Automotive and Real Estate verticals across several key geographies.
• Co issues in-line guidance for Q4, sees EPS of $0.52-0.54 vs. $0.54 Capital IQ Consensus Estimate; sees Q4 revs of $2.36-2.41 bln (+4-6% ex-FX) vs. $2.4 bln Capital IQ Consensus Estimate.

=eBay (EBAY) reported earnings on Wed 20 Jul 2016 (a/h)

eBay beats by $0.01, beats on revs; guides Q3 EPS in-line, revs above consensus; raises FY16 guidance; announces $2.5 bln buyback :

• Reports Q2 (Jun) earnings of $0.43 per share, excluding non-recurring items, $0.01 better thanthe Capital IQ Consensus of $0.42; revenues rose 5.7% year/year to $2.23 bln vs the $2.17 bln Capital IQ Consensus.
• "Q2 was another good quarter where we delivered strong results and had acceleration in growth"
  • The Marketplace platforms delivered $19.8 billion of GMV and $1.8 billion of revenue in the second quarter.
  • Marketplace revenue was up 3% on an FX-Neutral basis and 1% on an as-reported basis, driven by accelerating GMV growth of 5% on an FX-Neutral basis and 3% on an as-reported basis as well as growth in Marketing Services & Other revenue.
  • StubHub growth accelerated in the quarter, with GMV of $1.1 billion, up 35%, and revenue of $225 million, up 40%, aided by strength across multiple genres and the continued benefit from ongoing product innovation.
  • The Classifieds platforms delivered another quarter of strong performance with revenue of $207 million, up 15%, primarily driven by the Automotive and Real Estate verticals across several key geographies, including Germany and Canada.
• Co issues guidance for Q3, sees EPS of $0.42-0.44, excluding non-recurring items, vs. $0.44 Capital IQ Consensus Estimate; sees Q3 revs of $2.16-2.19 bln vs. $2.14 bln Capital IQ Consensus Estimate.
• Co issues guidance for FY16, raises EPS to $1.85-1.90 from $1.82-1.87, excluding non-recurring items, vs. $1.86 Capital IQ Consensus; raises FY16 revs to $8.85-8.95 bln from $8.6-8.8 bln vs. $8.81 bln Capital IQ Consensus Estimate.
• In July 2016, eBay's board of directors authorized an additional $2.5 billion stock repurchase program, with no expiration from the date of authorization.

=eBay (EBAY) reported 4Q earnings on Wed 27 Jan 2016 (a/h)

eBay reports EPS in-line, revs in-line; guides Q1 and FY16 below consensus :

• Reports Q4 (Dec) earnings of $0.50 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.50; revenues were unchanged from the year-ago period at $2.32 bln.
  • GMV ~flat at $21.9 bln.
• Co issues downside guidance for Q1, sees EPS of $0.43-0.45, excluding non-recurring items, vs. $0.48 Capital IQ Consensus Estimate; sees Q1 revs of $2.05-2.10 bln vs. $2.16 bln Capital IQ Consensus Estimate.
• Co issues downside guidance for FY16, sees EPS of $1.82-1.87, excluding non-recurring items, vs. $1.98 Capital IQ Consensus Estimate; sees FY16 revs of $8.5-8.8 bln vs. $9 bln Capital IQ Consensus Estimate.

eBay (EBAY) earnings on Wed 18 July 2012

** charts before earnings **

 ** weekly **

**  after earnings **

 EBay Inc. more than doubled its second-quarter net income thanks to higher revenue from its PayPal online payments business and its e-commerce websites.

The solid results, which came against the backdrop of the ongoing European economic turmoil, prompted investors to send the company's stock up nearly 6 percent in after-hours trading.

"We have been able to compensate for the softness in Europe with strong performance everywhere else," said CEO John Donahoe. EBay's business, he added, is benefiting from a "profound change" in the way people are shopping and paying, thanks to the popularity of smartphones and tablet computers. He called it "a staggering surge in mobile shopping and payments on devices that did not exist just a few years ago."

EBay earned $692 million, or 53 cents per share, in the April-June period. That's up from $283 million, or 22 cents per share, in the same period a year earlier.

Adjusted earnings were $730 million, or 56 cents per share, in the latest quarter — a penny above analysts' expectations.

Revenue grew 23 percent to $3.4 billion from $2.76 billion. Analysts, on average, were expecting revenue of $3.36 billion, according to FactSet.