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eBay Inc. (EBAY) operates commerce platforms connecting various buyers and sellers worldwide.
The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
Its Classifieds platforms include a collection of brands, such as mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen, and others, which offer online classifieds to enable people find whatever they are looking for in their local communities.
The company's platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, classifieds, directories, search engines, commerce participants, shopping channels, and networks.
On April 23rd, 2019, Ebay (EBAY) reported 1st Quarter March 2019 earnings of $0.67 per share on revenue of $2.6 billion. The consensus earnings estimate was $0.63 per share on revenue of $2.6 billion.
The company said it expects second quarter non-GAAP earnings of $0.61 to $0.63 per share on revenue of $2.64 billion to $2.69 billion. The current consensus earnings estimate is $0.60 per share on revenue of $2.66 billion for the quarter ending June 30, 2019. The company also said it now expects 2019 earnings of $2.64 to $2.70 per share on revenue of $10.83 billion to $10.93 billion. The company's previous guidance was earnings of $2.62 to $2.68 per share on revenue of $10.70 billion to $10.90 billion and the current consensus earnings estimate is $2.66 per share on revenue of $10.86 billion for the year ending December 31, 2019.
Shares have formed a bullish "cup and handlle" and are expected to move higher out of this formation.
Entry Point: $38.75
Stop Loss: $36.80
Trading Range: $26.01 - $40.86
Target Price: $42.65
EBAY closed at $40.50
