EBay Shares Slide As Q4 Revenue Guidance Misses Expectations Despite Earnings Beat
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2024
0mins
Should l Buy EBAY?
Source: Benzinga
Financial Performance: eBay reported a 3% year-over-year revenue growth of $2.58 billion, exceeding expectations, but issued lower-than-expected guidance for the fourth quarter and fiscal year 2024, leading to a nearly 10% drop in share price.
Shareholder Returns and Future Outlook: The company returned $881 million to shareholders through buybacks and dividends, while projecting fourth-quarter revenue between $2.53 billion and $2.59 billion, below analyst consensus.
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Analyst Views on EBAY
Wall Street analysts forecast EBAY stock price to rise
8 Analyst Rating
2 Buy
5 Hold
1 Sell
Hold
Current: 89.100
Low
60.00
Averages
95.00
High
112.00
Current: 89.100
Low
60.00
Averages
95.00
High
112.00
About EBAY
eBay Inc. is a global commerce company. The Company's technology empowers buyers and sellers in more than 190 markets around the world. The Company's business includes its online marketplace located at www.ebay.com and its localized counterparts, its off-platform marketplaces and its suite of mobile apps. It provides a number of features for its sellers and buyers that align with its approach of leveraging technology, including generative AI, to enhance the marketplace experience for its customers. For sellers, the Company is focused on simplifying their business processes to help drive their sales. The Company offers the eBay International Shipping program for sellers in the United States. For buyers, it is changing the way they find inventory through discovery, personalization and other experiences. It launched Explore, an AI-powered shopping feed enabling users to browse a list of personalized recommendations based on their interests, style preferences, and sizes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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