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EBay Stock Is Up 26% YTD, What To Expect From Q2 Earnings?
Forbes· 2024-07-30 10:00
A general view of the eBay logo is being seen during the Chinajoy games fair in Shanghai, China, on ... [+] July 26, 2024. (Photo by Ying Tang/NurPhoto via Getty Images)NurPhoto via Getty ImageseBay (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. Overall, eBay is scheduled to report its fiscal Q2 2024 results on Wednesday, July 31. We expect the stock to top the consensus estimates of revenues and earnings. The comp ...
eBay (EBAY) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
ZACKS· 2024-07-29 14:21
Core Insights - eBay is expected to report quarterly earnings of $1.13 per share, reflecting a year-over-year increase of 9.7% [1] - Revenue is anticipated to be $2.53 billion, which is a decrease of 0.5% compared to the same quarter last year [1] - There has been a 0.6% upward revision in the consensus EPS estimate over the last 30 days, indicating analysts' reassessment of their forecasts [1] Financial Metrics - Analysts forecast 'Active Buyers' to reach 132.04 million, slightly up from 132 million year-over-year [2] - 'Gross merchandise volume (GMV)' is expected to be $18.07 billion, down from $18.21 billion year-over-year [2] - 'Gross merchandise volume - International' is projected to be $9.38 billion, compared to $9.51 billion from the previous year [2] - 'Gross merchandise volume - US' is estimated to reach $8.68 billion, slightly down from $8.70 billion year-over-year [3] Stock Performance - Over the past month, eBay shares have returned +0.9%, while the Zacks S&P 500 composite has seen a -0.2% change [3] - eBay currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [3]
EBAY Boosts its Financial Services With Business Cash Advance
ZACKS· 2024-07-11 14:46
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 Debuts Working Capital Solution for Sellers
PYMNTS.com· 2024-07-10 19:30
Group 1 - eBay has partnered with Liberis to launch Business Cash Advance, providing eligible sellers in the U.S. with up to $1 million in working capital within 24 hours [1] - The initiative aims to support seller growth by offering tailored financing solutions that address the unique needs of eBay sellers [1] - The launch of this product comes at a time when U.S. merchants are experiencing low optimism, making effective working capital management crucial for business stability and growth [1] Group 2 - New working capital products and financial services are emerging to help businesses navigate economic fluctuations such as inflation and interest rate changes [2] - These innovative solutions include virtual and commercial cards, supply chain finance, invoice finance, and asset-based lending, which enhance cash flow management and investment opportunities [2] - The tightening of monetary policy and inflation has prompted companies to recognize the need for working capital for both short-term operational stability and long-term strategic investments in technology [2]
EBAY Boosts Seller Experience With Advertising Solutions
ZACKS· 2024-07-10 17:26
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]
eBay Seller Capital and Liberis Partner to Accelerate Small Business Growth
Prnewswire· 2024-07-10 12:00
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 ...
Elton John Partners with eBay to Release a Personal Collection of Pre-loved Fashion in Support of Elton John AIDS Foundation
Prnewswire· 2024-06-27 13:00
"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 ...
3 Stocks Set to Surge as Thrifty Consumers Take Advantage of Cooling Prices
Investor Place· 2024-06-24 16:23
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 ...
EBay to Add Venmo as Payment Option in US
PYMNTS.com· 2024-06-13 14:21
Core Insights - eBay will integrate Venmo as a payment option to enhance payment method diversity and cater to Gen Z and millennial shoppers [1][2] - The integration aims to provide a seamless payment experience for buyers, allowing them to use their Venmo balance or linked accounts [1] - eBay's strategy focuses on delivering frictionless and safe commerce experiences across 190 markets [2] Group 1: eBay's Payment Strategy - eBay's adoption of Venmo is expected to encourage more sales and reduce cart abandonment by catering to buyers who prefer this payment method [2] - Sellers will not need to take any action to offer Venmo as a payment option, simplifying the process for them [2] - The company already offers various payment options, including major credit and debit cards, digital wallets, and buy now, pay later (BNPL) [2] Group 2: Industry Trends - The use of peer-to-peer (P2P) payment methods like Venmo is on the rise, with 51% of U.S. consumers utilizing such services [3] - P2P payment systems eliminate the need for credit cards and facilitate quick fund transfers, integrating well with mobile devices [3] - Other companies, such as TrustCommerce, are also adopting Venmo and PayPal to enhance payment flexibility for their customers [3]
eBay (EBAY) Gains From E-commerce Strength With Generative AI
ZACKS· 2024-06-06 14:46
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 ...