Wall Street analysts expect eBay (EBAY) to post quarterly earnings of $1.13 per share in its upcoming report, which indicates a year-over-year increase of 9.7%. Revenues are expected to be $2.53 billion, down 0.5% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Befo ...

eBay (EBAY) partnered with Liberis to roll out Business Cash Advance, a new financing product which is available on the latter’s embedded finance platform.The product offers flexible funding of up to $1 million in working capital, specifically tailored for small to medium-sized businesses.It also provides a seamless online application process, extensive financing options, fast access to capital, flexible payment schedules, and transparent reporting on the eBay Seller Hub, allowing sellers to track payment p ...

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.“eBay Seller Capital is aimed at fueling our sellers’ growth by providing them with tailored financing solutions that meet the unique needs of their businesses,” Avritti Khandurie Mittal, eBay vice president and general manager o ...

Core Viewpoint - eBay's shares have increased by 22% year-to-date, outperforming the Retail-Wholesale sector's growth of 12.5%, driven by strong momentum in its advertising offerings [1] Advertising Offerings - eBay is expanding its advertising products to enhance seller experience, including the updated "eBay Advertising" tool that simplifies advertising and increases listing visibility [1] - The updated tool features a revamped Seller Hub Marketing tab and an Advertising tab, providing comprehensive campaign views and detailed reporting, along with AI-driven recommendations [1][2] - The Offsite Ads solution allows sellers to extend their reach through cost-per-click ads on external services, leveraging eBay's advertising technology for advanced targeting and campaign management [2] Seller Experience Enhancements - eBay is focused on improving the seller experience with innovative tools, including an AI-powered background-enhancement tool that automatically replaces image backgrounds [3] - The launch of the Luxe Line mobile consignment concierge offers a convenient selling experience for luxury items in Los Angeles and Las Vegas [3] Market Growth Potential - The global e-commerce market is projected to reach $8.8 trillion in 2024 and $18.8 trillion by 2029, with a CAGR of 15.8% from 2024 to 2029, presenting significant growth opportunities for eBay [4] Competitive Landscape - eBay's initiatives to enhance seller experience position it competitively against peers like Amazon, Shopify, and Etsy, which are also investing in seller tools and AI technologies [5][6] - Amazon has introduced an AI tool for product listings, while Shopify has added an AI image editor to its suite, and Etsy is providing new tools for seller insights [5][6] Financial Outlook - eBay's expanding advertising offerings and seller tools are expected to improve long-term prospects, with a Zacks Consensus Estimate for 2024 total revenues at $10.26 billion, reflecting a year-over-year growth of 1.5% [7] - The consensus estimate for 2024 earnings is $4.70 per share, indicating a 10.9% increase from the previous year, with a recent upward revision of 0.2% [7]

New Revenue-Based Financing Product Unlocks Access to Capital for eBay SellersSAN JOSE, Calif., July 10, 2024 /PRNewswire/ -- eBay Inc. (NASDAQ: EBAY), a global commerce leader that connects millions of sellers and buyers, today announced the launch of Business Cash Advance, a new eBay Seller Capital revenue-based financing product provided by Liberis, a leading global embedded finance platform. Aimed at supporting eBay sellers at every business stage, Business Cash Advance offers eligible U.S. eBay sellers ...

"Giving new life to the cherished items from my wardrobe has always been special to me. For decades I've donated my closet's treasures to support the Elton John AIDS Foundation," said Elton John. "This Pride Month, I'm excited to share my Atlanta treasure trove on eBay, hoping these items will inspire you to express your unique spirit and bring you as much joy as they've brought me. Whether you're after high-end luxury or something more laid-back, there's a perfect find for everyone. Even better, every doll ...

There has been cooling inflation in recent months. However, the United States has still been fighting to control inflation rates. The Federal Reserve’s switch to a more hawkish monetary policy has pushed consumers’ costs of living higher.The U.S. Consumer Price Index (core CPI) sent shockwaves through Wall Street in April after coming in at a hotter-than-expected 3.6%, putting earlier hopes of Q1 2024 interest rate cuts on ice.Despite CPI hitting expectations in June 2024, the Fed held interest rates at 5.2 ...

Online marketplace eBay will add Venmo as a payment option in the coming week, saying it aims to expand payment method choice and cater to the preferences of Gen Z and millennial shoppers.This option will be available to U.S. buyers on eBay.com and the eBay app, the company said in a Thursday (June 13) press release.“By integrating Venmo, a platform already embraced by more than 90 million highly engaged users, eBay taps into the modern and mobile-first consumer,” the company said in the release.With Venmo, ...

eBay’s (EBAY) shares have risen 22.8% in the year-to-date period, outperforming the Zacks Internet-Commerce industry’s rally of 12%. The company is gaining from the growing momentum in its e-commerce platform. eBay is constantly making strong efforts to strengthen its marketplace on the heels of generative AI technology.In this regard, the latest rollout of an AI-powered background-enhancement tool powered by the open-source model Stable Diffusion bodes well.The tool is capable of removing the current image ...

E-commerce stock eBay Inc (NASDAQ:EBAY) is up 1.5% before the bell following a bull note from Citi. Following a period of rating suspension, the Wall Street analyst upgraded EBAY to "buy" from "neutral," citing an improved outlook, a return to margin expansion, and earnings upside. In separate news, eBay will reportedly no longer take American Express (AMEX) due to higher-than-usual fees.On the charts, eBay stock is looking to make a run at its two-year highs of $55.15 from May 28. The security recently bou ...