The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
The headline numbers for eBay (EBAY) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
As eBay looks to reach Generation Z and millennials, the online marketplace is turning to pay-by-bank to meet younger customers' eCommerce expectations. On a call with analysts Wednesday (July 31) discussing the company's second-quarter earnings results, CEO Jamie Iannone said the company's integration of Venmo payments has yielded positive results.
EBAY's second-quarter 2024 results benefit from strength in its advertising business.
eBay's stock has risen 25% year to date, but a sustained rally relies on a multiples re-rating, not substantial expansion in revenue or profits. eBay's Q2 results showed acceleration in GMV and revenue, but Q3 guidance suggests that the company may decelerate further. Ad revenue, meanwhile, showed sharp deceleration in Q2, which was a meaningful lever for growth over the past few quarters.
eBay Inc. (NASDAQ:EBAY ) Q2 2024 Earnings Conference Call July 31, 2024 5:30 PM ET Company Participants John Egbert - VP of IR Jamie Iannone - CEO Steve Priest - CFO Conference Call Participants Nathan Feather - Morgan Stanley Colin Sebastian - Baird Ygal Arounian - Citigroup Lee Horowitz - Deutsche Bank Nikhil Devnani - Bernstein Tom Champion - Piper Sandler Alex Hughes - Barclays Operator Ladies and gentlemen, good afternoon, and thank you for standing by. My name is Abby, and I will be your conference operator today.
eBay Inc. EBAY will release its second quarter financial results, after the closing bell on Wednesday, July 31.
eBay (NASDAQ: EBAY) stock gained 26% YTD as compared to a 13% rise in the S&P500 index. Notably, eBay's peer Amazon (NASDAQ: AMZN) is up 20% YTD.
Get a deeper insight into the potential performance of eBay (EBAY) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
EBAY's second-quarter 2024 performance is likely to have reflected strength across its advertising business amid softness in consumer discretionary product spending.
EBAY unveils Business Cash Advance in partnership with Liberis in a bid to boost its overall portfolio offerings.
eBay teamed with embedded finance platform Liberis to offer sellers working capital. Business Cash Advance is designed to provide eligible eBay sellers in the United States up to $1 million in working capital in as little as 24 hours, according to a Wednesday (July 10) press release.