Core Viewpoint - eBay is set to report its first-quarter 2025 results on April 30, with expectations of total revenues between $2.52 billion and $2.56 billion, and diluted non-GAAP earnings per share between $1.32 and $1.36 [1][2]. Revenue Expectations - The Zacks Consensus Estimate for revenues is currently at $2.55 billion, reflecting a 0.35% decrease from the previous year's quarter [2]. - The consensus for earnings has remained at $1.34 per share, indicating a 7.20% increase from the year-ago quarter's $1.25 [3]. Performance Insights - eBay has consistently surpassed the Zacks Consensus Estimate for earnings in the last four quarters, with an average positive surprise of 3.40% [3]. Factors Influencing Performance - eBay is expected to benefit from momentum in Focus Categories, particularly Motors Parts & Accessories, Trading Cards, and Refurbished goods [4]. - Strategic enhancements, such as the expansion of managed shipping in the UK and the use of AI-driven tools, are likely to support gross market value (GMV) trends and modest revenue growth [4]. Monetization and Cost Considerations - The introduction of buyer protection fees for UK C2C transactions and improvements in the managed shipping program are anticipated to contribute to monetization, although these initiatives were only partially implemented [5]. - Operating margins are guided between 29% and 29.4%, but margin expansion may be constrained by increased depreciation expenses and costs related to mergers and acquisitions [7]. Market Conditions - eBay's revenue performance may be impacted by slower consumer demand in key international markets, particularly in the UK and Germany, where macroeconomic softness is evident [8]. - While the U.S. market shows more resilience, international weaknesses could offset gains from Focus Categories and advertising [8].

Core Viewpoint - eBay is expected to report quarterly earnings of $1.34 per share, reflecting a year-over-year increase of 7.2%, while revenues are anticipated to decline by 0.4% to $2.55 billion [1] Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been adjusted downward by 2.1%, indicating a reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock price performance [3] Key Metrics - Analysts forecast Gross Merchandise Volume (GMV) to reach $18.54 billion, down from $18.62 billion year-over-year [5] - Active Buyers are expected to total 134.14 million, an increase from 132 million in the same quarter last year [5] - Gross Merchandise Volume - International is projected at $9.68 billion, slightly up from $9.65 billion year-over-year [5] - Gross Merchandise Volume - US is expected to be $8.85 billion, down from $8.97 billion in the same quarter last year [6] - Total transaction take rate is anticipated to be 13.8%, a slight increase from 13.7% in the same quarter last year [6] Stock Performance - eBay shares have changed by +1% in the past month, contrasting with a -4.3% move of the Zacks S&P 500 composite [7] - eBay holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [7]

Group 1 - eBay has expanded its partnership with Klarna to offer buy now, pay later (BNPL) options to American consumers, allowing them to split eligible purchases into four interest-free payments or choose longer-term financing [1][2] - Klarna's BNPL services have already been available to eBay shoppers in several European countries, and the company has introduced a resale feature in its app that simplifies the process of listing previously purchased items on eBay [2][3] - Since December 2024, Klarna's resale feature has generated over 500,000 new eBay listings, including refurbished electronics and preowned fashion items [3] Group 2 - Klarna has a significant presence in brick-and-mortar retail, with a recent partnership with Clover enabling installment payments at over 100,000 stores [3] - eBay is also expanding its payment acceptance through a partnership with Checkout.com and has added Venmo as a checkout option for U.S. customers [4] - The consumer popularity of BNPL continues to grow, with 38% of American consumers using BNPL as of late 2024, and BNPL transactions in the U.S. valued at $175 billion [5][6]

智通财经APP获悉，华尔街金融巨头高盛集团在最新发布的一份美国电商行业研究报告中，系统性地分析了全球关税政策升级对美国电商行业的多维度冲 击，重点聚焦终端需求变化与美国关税政策之下的电商成本传导机制。高盛研究团队基于宏观经济模型、历史周期对比(2007-2009年金融危机参照)以及高频 数据跟踪，预判2025Q1与Q2电商板块面临关税成本带来的盈利预期下行风险，但结构性的投资机遇存在于未来消费者们愈发向服务性质的消费转移以及电 商龙头平台的强大业绩韧性，这些颇具弹性的电商股有望大幅跑赢美股大盘——标普500指数。 在美股市场，多数电商股，以及零售类股票自4月以来持续面临抛售，大幅跑输标普500指数，并且美国金融市场出现史上罕见的"股债汇三杀"，主要逻辑在 于全球资金对于美元资产的持有信心因特朗普关税政策带来的宏观经济层面巨大不确定性，以及特朗普政府欲罢免鲍威尔威胁到美联储独立性而大幅削减， 加之多数投资者押注特朗普激进的进口商品关税政策带来的通胀卷土重来趋势，可能令近年来因通胀持续高企而钱包捉襟见肘的美国消费者们愈发削减支 出。 密歇根大学消费者调查数据显示，消费者信心指数创下自2022年6月以来的最低水平， ...

Core Viewpoint - Retail sales in the United States have shown a positive trend, rising for the second consecutive month in March, indicating a potential investment opportunity in retail stocks [1][3]. Retail Sales Performance - Retail sales increased by 1.4% month-over-month in March, following a 0.2% rise in February, exceeding the consensus estimate of 1.2% [3]. - Year-over-year, retail sales grew by 4.6% in March, with sales excluding autos rising by 0.5% month-over-month, surpassing analysts' expectations of 0.3% [4]. - Specific sectors such as sporting goods, hobby, and music stores saw a 2.4% increase, while food and drinking places rebounded by 1.8% in March [4]. Economic Context - Concerns over tariffs announced by President Trump have affected consumer sentiment, with fears of increased commodity prices and potential economic recession [5]. - Trump imposed a 25% import duty on foreign-made cars and a 10% baseline tariff on all trading partners, leading to significant market losses initially, but a 90-day halt on reciprocal tariffs has since improved market conditions [6]. Retail Sector Outlook - The retail sector is expected to benefit from the Federal Reserve's potential resumption of interest rate cuts, which could support consumer spending as inflation shows signs of decline [7]. Selected Retail Stocks - **eBay Inc. (EBAY)**: Expected earnings growth rate of 8.4% for the current year, with a Zacks Rank of 2 [9]. - **JD.com, Inc. (JD)**: Expected earnings growth rate of 11.3% for the current year, holding a Zacks Rank of 1 [11]. - **The Gap, Inc. (GAP)**: Expected earnings growth rate of 7.7% for next year, with a Zacks Rank of 1 [12]. - **The Kroger Co. (KR)**: Expected earnings growth rate of 6% for next year, currently holding a Zacks Rank of 2 [13]. - **Tapestry, Inc. (TPR)**: Expected earnings growth rate of 14.7% for the current year, with a Zacks Rank of 2 [15].

Industry Overview - The Internet-Commerce sector has experienced significant growth since the pandemic, particularly among Gen-Z consumers who are accustomed to high levels of digitization [1] - The evolution of Internet-Commerce is driven by advancements in user devices and AI-enabled software platforms that enhance transaction capabilities and user satisfaction [2] - E-commerce differentiation is achieved through improved technology for showcasing products, easier navigation, payment options, faster delivery, and enhanced brand loyalty [4] Investment Opportunities - It is advisable to invest in Internet-Commerce stocks with a favorable Zacks Rank, including Carvana Co. (CVNA), eBay Inc. (EBAY), Tripadvisor Inc. (TRIP), Chewy Inc. (CHWY), and Alibaba Group Holding Ltd. (BABA) [3][6] - The subscription model for repeat-use items is gaining traction, making it easier for consumers to order and for retailers to manage inventory, with discounts often offered to consumers [5] Company Highlights - **Carvana Co. (CVNA)**: Acquired ADESA's U.S. operations, enhancing logistics and auction capabilities. Expected revenue growth of 23.6% and earnings growth of over 100% for the current year [10][12][11] - **eBay Inc. (EBAY)**: Growth driven by Focus Categories and advertising offerings, with expected revenue growth of 1.7% and earnings growth of 8.4% for the current year [13][14] - **Tripadvisor Inc. (TRIP)**: Benefiting from strong performance in Viator and TheFork segments, with expected revenue growth of 4% and earnings growth of 7.7% for the current year [15][16] - **Chewy Inc. (CHWY)**: Focused on e-commerce for pet products, with expected revenue growth of 4.5% and earnings growth of 18.3% for the current year [17][18] - **Alibaba Group Holding Ltd. (BABA)**: Performance boosted by monetization of Taobao and Tmall, with expected revenue growth of 4.5% and earnings growth of 24.4% for the current year [19][21][20]

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. eBay (EBAY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.eBay is one of 210 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The ...

Core Perspective - MercadoLibre (MELI) and eBay (EBAY) represent two distinct approaches in the online marketplace sector, with MELI focusing on high-growth Latin American markets and eBay operating as a mature global player [1][2] Summary of MELI - MELI has developed a seller-focused ecosystem tailored to the needs of Latin American businesses, featuring tools like MyPage for storefront customization and a dynamic pricing tool for competitive positioning [3] - The company reported $7.92 billion in operating cash flow for 2024, a 54.05% year-over-year increase, driven by a net income of $1.91 billion and revenues of $20.77 billion, reflecting operational efficiency and long-term profitability [4] - As of December 31, 2024, MELI's balance sheet showed $2.63 billion in cash and cash equivalents, providing flexibility for strategic initiatives [5] - The Zacks Consensus Estimate for MELI's 2025 earnings is $47.50 per share, indicating a 26.03% year-over-year growth, with revenues expected to reach $25.89 billion, a 24.59% increase [6] Summary of EBAY - eBay is leveraging generative AI technology to enhance seller tools, but has faced challenges in new customer acquisition, with active buyers declining by 2% in 2023 and only increasing by 1% in 2024 [8][9] - The company generated $2.41 billion in operating cash flow for 2024, a 0.49% year-over-year decline, despite an 8% increase in non-GAAP net income to $2.45 billion and a 2% rise in revenues to $10.3 billion [10] - For 2025, eBay's earnings consensus is $5.30 per share, suggesting an 8.61% growth from 2024, while revenues are expected to decline by 0.29% [11] Stock Performance and Valuation - In the past 12 months, MELI shares have appreciated by 31.4%, outperforming eBay's 19.4% increase and the Zacks Internet-Commerce industry's decline of 10.1% [13] - MELI trades at a forward Price/Sales ratio of 3.64, higher than the industry average of 2.01, while eBay's ratio is 2.72, indicating a valuation premium for MELI due to its growth trajectory [15] - eBay's disconnect between earnings growth and declining cash flow raises concerns about its operational efficiency and future earnings potential [18] Investment Outlook - MELI is positioned as a better investment opportunity due to its rapid user base expansion and consistent profitability, with plans to increase investments in Mexico by 38% and Brazil by 48% in 2025 [19] - MELI's superior execution and market penetration in Latin America support its status as the preferred investment choice, with a Zacks Rank of 2 (Buy) compared to eBay's 3 (Hold) [20]

Core Insights - eBay is investing USD$300,000 into Refiberd as part of its Circular Fashion Fund program to support fashion startups in scaling circular solutions [1][2][3] Group 1: Investment and Awards - Refiberd was awarded eBay's Circular Fashion Innovator of the Year Award, recognizing its contributions to a more circular fashion industry [2][9] - The Circular Fashion Fund has supported 27 businesses since its launch in 2022 and will have invested a total of USD$1.2 million by the end of 2025 [4][7] Group 2: Technology and Impact - The funding will enhance Refiberd's AI technology, which accurately identifies fabric compositions for better sorting and recycling [3][6] - Refiberd aims to address the textile waste-sorting issue and promote true circularity in fashion through its innovative recycling solutions [3][6] Group 3: Industry Context - The demand for circular fashion is increasing, with 66% of Gen Z indicating that purchasing pre-loved fashion is becoming more important to them [5] - eBay has been a pioneer in recommerce for 30 years, and its Circular Fashion Fund is a strategic initiative to drive sustainability in the fashion industry [5][6]

Core Viewpoint - Investors seeking strong dividend-paying companies should consider not only defensive sectors like healthcare and utilities but also technology companies, which can offer excellent dividend opportunities [1][2]. Group 1: Meta Platforms - Meta Platforms initiated its dividend payout last year, currently paying a quarterly dividend of $0.53 per share, resulting in a yield of 0.4%, below the S&P 500 average of 1.3% [3][4]. - The company boasts over 3 billion daily active users (DAUs) and generates steady revenue through its advertising business, while also investing in long-term growth opportunities like artificial intelligence and the metaverse [4][6]. - Meta is working to monetize its products, leveraging its wide moat and network effects to maintain user engagement and attract advertisers [5][6]. Group 2: eBay - eBay's revenue increased by 2% to $10.3 billion in 2024, and despite competition, it remains a significant player in e-commerce with a strong brand presence [9]. - The company benefits from network effects and has focused on high-demand categories like collectibles and luxury items, leading to a 5% growth in GMV for these categories [10]. - eBay's advertising business is contributing positively to its results, allowing for profitable growth and a steady dividend program, with a quarterly payout of $0.29 per share and an impressive 81.25% increase in payouts over the past five years, resulting in a yield of 1.9% [11].