EBay (EBAY) Q3 Earnings and Revenues Surpass Estimates

Group 1 - eBay reported quarterly earnings of $1.19 per share, exceeding the Zacks Consensus Estimate of $1.18 per share, and up from $1.03 per share a year ago, representing an earnings surprise of 0.85% [1] - The company achieved revenues of $2.58 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.09%, compared to $2.5 billion in the same quarter last year [2] - eBay has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] Group 2 - eBay shares have increased approximately 43.9% since the beginning of the year, outperforming the S&P 500's gain of 22.3% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.23 on revenues of $2.65 billion, and for the current fiscal year, it is $4.84 on revenues of $10.33 billion [7] Group 3 - The Internet - Commerce industry, to which eBay belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook for the sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The current estimate revisions trend for eBay is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]