Tuesday, 22 August, 2017

EBay (EBAY) Beats Earnings and Revenue Estimates in Q1

Ebay first quarter profit and revenue grow, but forecasts second quarter profit will fall below expectations eBay reports $2.2bn in Q1 revenue, buoyed by UX, advertising efforts
Garry Little | 21 April, 2017, 00:29

The company reported in-line first-quarter earnings after the market closed Wednesday and, in turn, analysts largely stayed in-line with their previous ratings on the stock, as they await more product changes. "We just think this is a way to stick our competitive advantage right out there and have no questions about why people shop on eBay and why they should". Classifieds had another quarter of strong growth delivering revenue of $199.0M, up 7% on an as-stated basis and 10% on an FX-Neutral basis with strength across its German platforms. Non-GAAP operating margin reduced to 30.0% in the first quarter of 2017, contrast to 33.40% for the same period a year ago.

During the first quarter of 2017, eBay Inc reported earnings per share of 49 cents.

The company says it added 2M active buyers across its platforms and now has a total of 169M global active buyers.

Wenig also pointed to what he called two "significant" customer experience improvements: an authentication program he said will increase consumer confidence when purchasing high-end products, as well as a service that guarantees delivery in three days or less, which will debut this summer.

Further, StubHub became the official ticket resale marketplace for the Los Angeles Angels and Toronto Blue Jays.

eBay recently declared a planned agreement with Flipkart.

Wenig also said the company is on the lookout for more partnership and acquisition opportunities, like its recent tie-up with Indian e-commerce company Flipkart.

eBay Inc. (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms.

EBay is now replatforming itself and there was significant progress on this front in the first quarter. The non-GAAP effective tax rate for continuing operations for the first quarter of 2017 was 18.7%, compared to 20.4% for the first quarter of 2016.

Shares of eBay were last seen down 2.6% at $32.99 on Thursday, with a consensus analyst price target of $35.15 and a 52-week trading range of $22.30 to $34.74.

Cash and cash equivalents and non-equity investments - The company's cash and cash equivalents and non-equity investments portfolio totaled $11.2 billion as of March 31, 2017.

With continued investments in its homepage, mobile site and marketing, the company lowered its guidance for adjusted profit in its second quarter to between 43 cents and 45 cents per share, missing analysts expectations for a profit of 47 cents per share, according to Thomson Reuters I/B/E/S.

With the solid start to the year and the back-half tailwinds, we're buying more into eBay's 2017 outlook. The return on assets ratio of the Company was 34.60% while its return on investment ratio was 30.60%. The Company earned $7.29 Billion in prior twelve months. Hedge funds and other institutional investors own 85.86% of the company's stock.

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